Tolland to Save $500,000 Through Bond Refinancing

The Town of Tolland will be issuing refinancing bonds in an effort to save the town about $500,000.

The refinancing will save money throughout the remaining life of the bonds, according to a press release.

The town’s bond rating through Standard and Poors last year was elevated to a Triple A rating, the highest possible.

Town Financial Advisor Barry Bernabe, managing director of Phoenix Advisors said he believes the town has one of the strongest management teams he has seen in his 20 years experience, according to the release.