Task force hears spending plan; officials warn bond market could cut project funds
Jed Holmes told the task force the sales‑tax special fund is generating about $1,000,000 per month, but rising interest rates have erased a 0.5 percentage‑point cushion that earlier projections counted on, shrinking bonding capacity by an estimated $6,000,000.
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Jed Holmes of the Executive's Office walked the Incarceration Prevention and Reduction Task Force through a preliminary spending plan for the jail and behavioral care center, saying the public‑health and safety tax is producing roughly "$1,000,000 a month" for the special fund.
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