Palmerton will save over $200,000 through the refinancing of several bond issues.
On a 6-0 vote, Borough Council agreed to enact an ordinance to refinance a $4.1 million in general obligation bonds. Councilman Richard Nothstein was absent.
Council agreed to the measure after it heard a presentation from Scott Shearer, of Public Financial Management, Inc., of Harrisburg, and Jens Damgaard, Bond Counsel of Rhoads & Sinon LLP.
Shearer told council the borough will save $203,494 "spread out over a couple of years."