FOR IMMEDIATE RELEASE: August 20, 2020
Supervisor Bosworth Announces More Than $400,000 Savings for North Hempstead Taxpayers
MEDIA CONTACTS: Gordon Tepper, Rebecca Cheng, Matthew Leonenko and Michael Anderson | (516) 869-7794
North Hempstead, NY - North Hempstead Supervisor Judi Bosworth has announced that the Town has refinanced $7,375,000 in bonds outstanding at a lower interest rate resulting in a savings of $438,180 for North Hempstead taxpayers.
“We are always looking for ways to save money for our taxpayers,” said Supervisor Judi Bosworth. “Together with our financial advisors, we were able to identify this great opportunity to refinance our existing bonds and save significant dollars. We will continuously work to ensure that North Hempstead remains on solid financial footing for years to come.”
The Town will be refinancing bonds from 2008, 2009, and 2010 with over $180,285 in savings to the Town and $257,895 for the Town’s Special Districts.
Last month, the Town announced that their Aaa bond rating was reaffirmed by the independent ratings agency Moody’s for the seventh consecutive time. Additionally, the Town has consistently been recognized for excellence in financial reporting by the Government Finance Officers Association with a Certificate of Achievement for excellence in Financial Reporting.