Palmerton will save at least $50,000 through the refinancing of several general obligation bonds.

On a unanimous measure, borough council on Thursday agreed to refinance the borough’s sewer and water bonds.

The savings would be realized between the borough’s sewer fund and water fund.

Council’s action came after it heard from Zach Williard, of Public Financial Management.

Councilman Randy Gursky asked if there would be any penalties for paying them off early, and was told that both can be prepaid without any penalties.

Council President Terry Costenbader quipped that he enjoys whenever the borough can save financially.

“I always like when you save me money,” Costenbader said.