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Everyone knew it was coming. It was just a matter of time. That time arrived last week and the Susquehanna County Commissioners increased the real estate tax for 2004 by one-half mill.
Blue Ridge School Board members gathered for a workshop on January 26 heard a brief presentation by Henry Sallusti of RBC Dain Rauscher, an investment firm, proposing to refinance $7.5 million in bonds. This is a 1999 series of bonds, issued in support of the campus renovation. Now 5 years old, the bonds are callable, meaning that they can be paid off, in this case through the issue of a new series of bonds, but at a lower rate of interest. According to Mr. Sallusti, the transaction would save the district over $281,000, most of it in the first year.
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