County finance team successfully sells bonds for new COA project at lower interest rate

Dare County's Board of Commissioners made significant strides in financial management during their meeting on July 14, 2025, particularly with the successful sale of bonds for a new project at the College of the Albemarle (COA). The county manager highlighted the achievement, noting that the bonds were sold at a lower interest rate than anticipated, coming in at 4% instead of the predicted 4.5%. This outcome not only reflects the county's strong financial standing but also promises to save taxpayer dollars in the long run.

The discussion centered around the implications of this bond sale, emphasizing the importance of the finance team's efforts in securing favorable terms. The successful bond sale is expected to facilitate the development of essential educational infrastructure, enhancing access to resources for students in the community.

In addition to the bond sale, the meeting included acknowledgments of the county's financial awards, showcasing the diligence and effectiveness of the finance team. These accolades serve as a testament to Dare County's commitment to responsible fiscal management and transparency.

As the county moves forward with the COA project, residents can look forward to improved educational facilities that will benefit the community for years to come. The board's proactive approach in financial planning and project development underscores its dedication to fostering growth and opportunity within Dare County.