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Debt refinancing expected to save Halfmoon $600,000

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The town of Halfmoon expects to save roughly $600,000 in future years by refinancing $7 million in outstanding debt to take advantage of low interest rates.

The Town Board on Wednesday approved a plan that consolidates four outstanding bond issues and refinances the debt at what is expected to be a much lower interest rate.

Because the bonds will be tax-free, the town should be able to get a new interest rate in the ...

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