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Shapiro Administration’s Bond Strategy Unlocks Millions in Savings for Pennsylvania

By Maryann Pugh


The Shapiro Administration recently announced the successful sale of approximately $1.395 billion in new General Obligation Bonds, complemented by a refunding issuance of $237.1 million. This refinancing effectively reduces existing debt by roughly $248 million, marking a noteworthy achievement for Pennsylvania’s financial management.

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In Union is a project supported by a group of unions. It provides you with readily available research on issues that affect working people's lives, examines the records of elected officials on those issues, and helps hold the elected officials accountable. It is not affiliated with, does not take contributions from, and does not make contributions to any candidates or political parties.

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