POTTSTOWN — The school board is moving ahead with a bond refinancing that could save the district between $300,000 and $500,000. The bond is from 2017 and still has $9.915 million on it.
Jamie Schlesinger, from PFM Financial Advisors LLC explained to the board at the Oct. 17 meeting that the current interest rate on the bond is 2.55 percent but in eight years will re-set to a variable rate as high as 4.5 percent.