A chance to refinance a loan with Butler County will save the Township hundreds of thousands of dollars in the coming decade.
The Board of Supervisors on Tuesday voted to refinance a general obligation note through the Butler County Infrastructure Bank.
The refinancing lowers the Township’s interest rate from 1.96 percent to 0.56 percent and will result in a savings of $354,353 over the next eight years.
The loan, taken through the Bank program in January 2019, is helping pay for the MSA Thruway project.