Montgomery Twp Re-Financing Sewer Authority Debt
“The same rationale applies. You’re looking at getting a lower interest rate to save on monthly payments, and that’s what the sewer authority was looking to do.”
With interest rates at or near historic lows, he says the authority should save about $400,000. The township guarantees the sewer authority’s debt to help it maintain a high bond rating and enable it to borrow money at favorable interest rates.