$1B in bonds for NY water, sewer projects - NEWS10 ABC: Albany, New York News, Weather, Sports

$1B in bonds for NY water, sewer projects

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ALBANY, N.Y. (AP) - The New York Environmental Facilities Corp. reports issuing more than $1 billion in bonds this year, double any other state and making it the nation's largest 2012 investor in local water and sewer projects.
    
The public benefit corporation says it completed six bond issues in 2012, allowing the state to refinance more than $1.4 billion of debt for public works in 73 communities.
    
At the same time, the corporation says it provided $176 million in new long-term financing for 31 wastewater and drinking water projects.
    
The refinancings are projected to save ratepayers more than $12 million next year and $223 million over 20 years.

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