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Bond refinance to save St. Lawrence County thousands

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CANTON — Refinancing the debt on the Canton Human Services building will save St. Lawrence County more than $156,000 this year in rent payments.

The Canton Human Services Initiative, which owns the building on Route 310, refinanced outstanding bonds last year to maximize savings from low-interest rates.

Next year’s savings will be about $80,000, said county Treasurer Kevin M. Felt.

Annual savings over the next 20 years will range from $60,000 to $80,000, he said.

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