NIFA says it saved Nassau $33.4M
Photo credit: Howard Schnapp | NIFA board meets in Uniondale. (Sept. 24, 2012)
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Nassau County Executive Edward Mangano
The Nassau Interim Finance Authority has successfully refinanced $317,713,000 of debt issued on behalf of the county, saving Nassau $33.4 million over the next four years, the agency said Thursday.
"We have been carefully monitoring our debt and the markets for months and are very pleased with the results of our refunding and the substantial savings it will provide the taxpayers of Nassau...
