$1B in bonds for NY water, sewer projects

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

$1B in bonds for NY water, sewer projects

Local News <a href="http://www.wten.com/category/173731/-local-news">More>></a>Local NewsMore>>

Man captures funnel-like cloud forming in Copake on film

Man captures funnel-like cloud forming in Copake on film

Special Report: Food Stamps, where is your money really going?

Special Report: Food Stamps, where is your money really going?

Voters weigh in on school budgets

Voters weigh in on school budgets

Whitehall woman waits to hear from family in Oklahoma

Whitehall woman waits to hear from family in Oklahoma

Rally held in support of legislation repealing SAFE Act

Rally held in support of legislation repealing SAFE Act

Cuomo, Mohawk leaders sign casino pact

Cuomo, Mohawk leaders sign casino pact

Questions linger in assembly sex harassment case

Questions linger in assembly sex harassment case

Muppets creator's items head to NYC museum

Muppets creator's items head to NYC museum

State senate honors veterans from across the state

State senate honors veterans from across the state

State crackdown on repeat drunken drivers keeps over 3,000 off roadways

State crackdown on repeat drunken drivers keeps over 3,000 off roadways

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