Cherry Hill Headlines

Posted on: October 2, 2012

Bond refinance to save Cherry Hill taxpayers nearly $2 million

The Township has secured almost $2 million in savings for Cherry Hill taxpayers through Fiscal Year 2024, thanks to a successful debt-refinancing effort completed on Sept. 27, Mayor Chuck Cahn has announced.

Favorable market conditions and near-record-low interest rates prompted the administration’s decision to refinance, Cahn said.

Cahn cited Cherry Hill’s positive name recognition and a strong Aa2 rating from Moody’s Investors Service in helping the Township to secure a significantly lower rate.

The Mayor said his Administration aggressively negotiated the bond sale, which helped secure the maximum savings for residents. He called the refinancing the latest step in ongoing efforts to cut costs and run local government like a business.

“This was a tremendously successful attempt at reducing spending without sacrificing service, and the savings we will now realize is greater than anyone expected,” Cahn said. “This is the kind of innovative action we need to carry Cherry Hill forward on strong footing, and residents can look for much more of it in the months to come.”

Facebook Twitter Google Plus Email

Other News in Cherry Hill Headlines

snowplow.jpg

Township prepares for winter storm

Posted on: February 8, 2017

Recyclebank crediting to end on Dec. 31

Posted on: December 21, 2015
Halloween.jpg

Trick-or-treating details for 2015

Posted on: October 13, 2015

Power-outage update from PSE&G

Posted on: June 23, 2015
Rosa Mathcounts 2-24-15.jpg

Mayor, Council honor Rosa MathCounts Team

Posted on: February 24, 2015

Town Council adopts public smoking ban

Posted on: November 26, 2012

Disaster assistance available through FEMA

Posted on: November 14, 2012

Weekly Column: Summer Safety

Posted on: July 18, 2012

Cherry Hill Arts Board Seeking Volunteers

Posted on: February 25, 2012

AARP Tax Help For Seniors At Township Hall

Posted on: February 25, 2012

Weekly Column: Focusing on Education

Posted on: February 17, 2012