Westchester County, N.Y., plans to competitively market $173.1 million of general obligation bonds tomorrow in its first new-money deal since Republican Robert Astorino was elected county executive in November. The deal will also be the first marketed in the state under a pilot program allowing Westchester to accept only electronic bids.
Most of the deal will be sold as tax-exempt bonds. Though a final decision whether to market a small portion of the deal to finance water and sewer projects as taxable Build America Bonds will be made today based on market conditions. County finance commissioner Anne Marie Berg was optimistic that the county would go ahead with its first BABs issuance.