Bond refunding could save taxpayers $390,000
Town of Riverhead
Summary
The town's 2018 A and B bonds could be refinanced at lower rates, saving roughly $390,000 over the life of the bonds with no extension of repayment. Most savings hit the CPF and water district funds, not the general fund. The board needs to pass a refunding resolution, but can back out if rates turn unfavorable.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Mar 19, 2026.
Impact analysis
About $390,000 in savings, mostly to the CPF and water district funds, minus roughly $80,000 in transaction costs.
Taxpayers, especially CPF and water district ratepayers, through lower debt service.
Mentions & discussions (1)
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