Beaver County Taxpayers Lose $1.2 Million As A Result Of Downgraded Credit Rating Due To Budget Woes

Beaver County taxpayers lost out on approximately $1.2 million in potential savings during a recent bond refinancing because the county’s credit rating had been downgraded, according to county officials. County Commissioners refinanced $64.8 million in bonds this week as a cost savings measure to help balance the county’s budget. Although the refinancing will reduce required…