Commissioners Refinance Debt to Save $850,000 Per Year

The county government will save $850,000 a year by refinancing its debts at lower-than-market-average interest rates for the next decade.

The Indiana County board of commissioners on Wednesday approved necessary legal steps to head off an expected increase in interest rates on money borrowed years ago for county jail construction, 911 communication upgrades and the countywide property reassessment project.