The Westhampton Free Library’s Board of Trustees is pleased to announce that its 20 year bond that was approved by voters for the building of the Library will be paid off two years early through an additional $1.1 million payment, made on June 19, 2018.

The payment not only saves over $400,000 in interest payments on the approximate $7.8 million bond, but also reduces the library’s 2018-19 bond payment obligation by $46,300 as reflected in the approved 2018-19 budget.

With the payment, the approximate $4.3 million remaining on the bond will be paid off in 2026.

“This payment is the result of responsible decisions regarding the distribution of reserves. It will allow us to continue to offer our patrons stellar services and programs,” stated Barbara Matros, Vice President of the Library Board of Trustees.