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Forsyth County staff propose allocating expected bond premium mostly to county facilities; S&P and Moody’s affirm top ratings
Summary
Deputy CFO Lee Plunkett recommended applying a modest estimated net premium to county capital (65%), schools (30%) and Forsyth Tech (5%); rating agencies reaffirmed the county’s top credit ratings.
Lee Plunkett, deputy chief financial officer for Forsyth County, briefed commissioners on May 5 about staff recommendations for allocating any net premium from the county’s upcoming 2025 general obligation bond sale.
Plunkett said staff recommend splitting any premium 65% to county capital maintenance, 30% to Winston‑Salem Forsyth County Schools and 5% to Forsyth Technical Community College. He cautioned that premium estimates are volatile and that…
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