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$8 Million Dollar General Obligation Bonds Unanimously Approved By Washington County Supervisors

Posted By News On @ 6:28 am In Today's Local News | Comments Disabled

Yesterday's Meeting Of The Washington County Board Of Supervisors Was Nearly Standing Room Only.<br />
(KCII's Chance Dorland)Yesterday’s Meeting Of The Washington County Board Of Supervisors Was Nearly Standing Room Only.
(KCII’s Chance Dorland)

After voting to table the issue at last week’s public forum, the Washington County Board of Supervisors has unanimously approved $8 million in General Obligation Bonds to pay for the County’s share of a $12 million secondary roads improvement project. County Auditor Bill Fredrick says the Board exercised authority given to them by a 2009 amendment by the state legislature that allows the county to “undertake projects, including roads [and] bridges … without having to have a vote if they’ve received a presidential disaster declaration.”  Rural residents will pay 78%, city residents13% of the $8 million dollar general obligation debt.  County Treasurer Jeff Garrett says based on last year’s numbers, a $150,000 rural residential property would pay “about $100 a year”, a similar city residence would pay $35 and an average 40 acre track of land would pay $38.  He says the estimates are “conservative” and actual tax amounts could be lower.

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