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Commission OKs resolution to backstop $30 million school bond with levy authority if SPLOST revenues fall short
2520598 · March 6, 2025
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Summary
The Board voted 5-0 to adopt a resolution that authorizes the county to levy ad valorem taxes to pay principal and interest on up to $30 million in Newton County School District general obligation bonds (Series 2025) if education SPLOST revenues are insufficient.
On March 4 the Newton County Board of Commissioners unanimously approved a resolution authorizing the county to levy ad valorem taxes to pay principal and interest on up to $30 million in Newton County School District general obligation bonds, Series 2025, if education SPLOST (E-SPLOST) revenues…
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