pcrossley@sungazette.com
JERSEY SHORE The Jersey Shore Area School District could realize a savings of at least $50,000, if not more, from the refinancing of debt following approval of a resolution setting the process in motion.
Under the motion, the district administration will work with PFM Financial Advisors LLC along with a bond counsel and the district’s solicitor to proceed with the issuance of general obligation bonds, series of 2021. The proceeds will be used in refunding the district’s four bonds from 2012 and 2015. PFM proposed using a dual track process for refunding which would compare using either a bank loan or a bond issue to determine the best option for the district.