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Administrator: jail construction on schedule; state budget uncertainty, PILT risk could affect county budget
Summary
County administrator briefed commissioners on jail construction progress and bond timing, legislative uncertainty over state cost shifts and PILT reductions, and next steps in the county budget process.
Administrator Barry updated the board on the county jail construction, bond timing and the fiscal risks the county is monitoring from the state budget process.
Barry said local-option sales-tax collections to fund the jail are tracking “almost exactly” on target for the eight months of data collected and that the construction spend rate and schedule are on track. He noted the project is an $80 million program, with roughly $40 million already sold in bonds and the remainder to be issued in a later sale; staff are watching bond-market conditions and expect a three-month lead time to prepare a second issuance, with work to…
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