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

Posted: Wednesday, October 27th, 2010 at 6:28 am
Author: KCII News-Chance Dorland

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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.