DeKalb County plans $450M water and sewer bond issuance with public sale on July 8

DeKalb County is gearing up for a significant financial move, with plans to issue $450 million in bonds to fund various projects outlined in the county's master plan. This ambitious initiative, supported by a decade of 10% rate increases, aims to enhance the county's water and sewer infrastructure, with the first principal payments set to begin in October 2026.

During the recent FAB Committee meeting, officials detailed the bond issuance process, which will involve a competitive public sale. Bids will be accepted on July 8, with the county expecting to finalize the sale and receive funds by July 22. The bonds are anticipated to receive strong credit ratings, with projections of a double A3 from Moody's and a double A minus from Fitch, reflecting the county's solid financial standing.

In addition to the water and sewer bonds, the county is also exploring an urban redevelopment agency revenue bond for the purchase of property at 4380 Memorial Drive, estimated at over $18 million. This bond will be structured differently, utilizing a general obligation pledge from the county, and is expected to close by June 25.

The discussions highlighted the county's strategic approach to financing, with officials emphasizing the importance of securing the best possible rates and terms. The bond issuance is part of a broader strategy to manage the county's debt profile effectively, ensuring that projects are funded while maintaining fiscal responsibility.

As DeKalb County moves forward with these plans, the implications for local infrastructure and community development are significant, promising to enhance services and support growth in the region.