MASSDOT SHELVES REFINANCING PLAN IT HAD EYED FOR BIG $$$ SAVINGS

An expected $60 million in savings the Baker administration hoped to achieve by refinancing transportation bonds has crumbled to almost nothing amid market volatility. Massachusetts Department of Transportation Chief Financial Officer David Pottier told the MassDOT Board on Monday that he does not now think it is worthwhile to pursue the refinancing plan the board authorized a month earlier…