LOS ANGELES - San Francisco expects to reduce a proposed sewer fee increase by more than 50% with, savings from today's planned refunding sale of a $321 million sewer bond issue.

The city may save an estimated it; $30 million in debt service costs by taking advantage Of historically low interest rates with the competitively bid sale, according to Peter W. Miller, senior managing consultant of Public Financial Management Inc., the city's financial adviser.

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