Henry County to save millions in refinance plan

The Henry County Board of Commissioners approved a resolution July 8 to authorize the refinancing of certain bonds, saving county taxpayers more than $3.3 million. County finance director Fred Auletta presented the refinancing plan to the board to refund $10 million in bonds presently being paid at a 4.4 percent interest rate and due to mature in July 2032. The new bonds are at an effective yield of 1.47 percent and will reach an earlier maturity in August, 2021. The measure resulted in a savings to the county of more than $3,344,000. This most recent refunding effort brings the total savings from refunding/refinancing debt over the past year to nearly $4.2 million. Information: www.henrycounty-ga.org.