MCSD leaders validate up to $70M in debt for projects - WTVM.com-Columbus, GA News Weather & Sports

MCSD leaders validate up to $70M in debt for projects

COLUMBUS, GA (WTVM) - School officials in Muscogee County made a quick decision Monday night to help safeguard having enough money for future work like building a new Spencer High School.

At their called meeting, the Muscogee County school board voted 6-2 to validate the general obligation or GO bonds. This was approved by the public in a vote last March, related to the special purpose local option sales tax or SPLOST.

It allows the school district to go into debt up to $70 million to ensure they have enough money available for projects they promised to do.

"They (school district administrators) will drip that out over time, as an as-needed basis, so as not to draw down a bunch of debt and begin incurring interest expense,” school board president Rob Varner said.

Muscogee County's school board president says they'll do the best job they can while trying to pay the least amount of interest possible. The validation for bonds, again approved Monday night, now goes to the district attorney.

Copyright 2015 WTVM. All rights reserved.  

  • LocalMore>>

  • Russell County sheriff grabs golf clubs to raise money

    Russell County sheriff grabs golf clubs to raise money

    Friday, August 18 2017 11:12 PM EDT2017-08-19 03:12:39 GMT
    (Source: WTVM)(Source: WTVM)

    Although many recognize Heath Taylor as the Sheriff in Russell county, tonight hes took on a different role and grabbed a set of golf clubs to take a swing at raising money for the community. The Russell County Commission holding their annual fund-raising golf tournament at Lakewood Golf Course beginning at 6:30 p.m. this evening. The commission is responsible for maintaining the historical sites in the area according to Taylor. Tonight's fundraiser is the first annual night time g...

    More >>

    Although many recognize Heath Taylor as the Sheriff in Russell county, tonight hes took on a different role and grabbed a set of golf clubs to take a swing at raising money for the community. The Russell County Commission holding their annual fund-raising golf tournament at Lakewood Golf Course beginning at 6:30 p.m. this evening. The commission is responsible for maintaining the historical sites in the area according to Taylor. Tonight's fundraiser is the first annual night time g...

    More >>
  • SPORTS OVERTIME: Week 1 Final Scores

    SPORTS OVERTIME: Week 1 Final Scores

    Saturday, August 19 2017 12:44 AM EDT2017-08-19 04:44:37 GMT
    (Source: WTVM)(Source: WTVM)

    It's been a long wait, but wait finally comes to an end, at least for Georgia high school football teams. 

    More >>

    It's been a long wait, but wait finally comes to an end, at least for Georgia high school football teams. 

    More >>
  • Dunham's Sports celebrates grand opening in LaGrange

    Dunham's Sports celebrates grand opening in LaGrange

    Friday, August 18 2017 11:33 PM EDT2017-08-19 03:33:15 GMT
    (Source: WTVM)(Source: WTVM)

    Dunham's Sports celebrates grand opening in LaGrange  Dunham’s Sports the grand opening of its LaGrange location Friday. 

    More >>

    Dunham's Sports celebrates grand opening in LaGrange  Dunham’s Sports the grand opening of its LaGrange location Friday. 

    More >>
Powered by Frankly