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After debate, Forsyth County keeps 65/30/5 split for 2025 bond premiums; dollar amounts pending closing
Summary
The board designated 65% of net premium to county facilities, 30% to Winston‑Salem/Forsyth County Schools and 5% to Forsyth Tech for the 2025 general obligation bond premium. Commissioners proposed and debated alternative allocations aimed at funding Ashley Elementary, but the board returned to the original allocation and approved it unanimously.
At its May 8 meeting the Forsyth County Board of Commissioners designated the purpose of net premiums related to the general obligation bond series 2025: 65% for county facilities, 30% for Winston‑Salem/Forsyth County Schools and 5% for Forsyth Tech Community College. The motion designating the split was approved unanimously; the exact dollar amounts will be determined when the bond closes.
The item prompted several substitute motions and extended discussion. Some commissioners proposed directing the net premium to a single shortfall project for Ashley…
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