Thursday, November 03, 2011

Trib: Mt. Lebanon to borrow $4.25 million

The Mt. Lebanon commissioners on Wednesday approved borrowing $4.25 million to refinance old debt, but couldn't reach an agreement over borrowing $7 million for pool and park improvements.

The board was unanimously in favor of refinancing the original $3.85 million in bonds from 2007, which with low interest rates should save the municipality $226,000 through 2027, finance director Marcia Taylor said.

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