Pa. Treasury releases COVID-19 debt reduction review, offers policy recommendations

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By: Paul Vigna

Pennsylvania Treasurer Joe Torsella on Monday released the COVID-19 Debt Cost Reduction Review, pursuant to Act 37 of 2020.

In preparing this report, Treasury reviewed more than 30 commonwealth authorities that either issue or hold debt, and identified seven possible opportunities for refinancing $2.4 billion in outstanding bonds that could potentially reduce costs by as much as $179.5 million., according to a press release.

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