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Washington County authorizes $150 million bonds to accelerate MSTIP transportation projects
Summary
The Board authorized issuance of up to $150 million in full‑faith‑and‑credit bonds to finance Major Street Transportation Improvement Program (MSTIP) projects, approving a timeline and consultants for bond counsel and financial advisory services.
The Washington County Board of Commissioners unanimously authorized the chief financial officer on April 15 to issue up to $150 million in bonds to finance Major Street Transportation Improvement Program (MSTIP) projects the board approved in April 2024.
Why it matters: Commissioners said accelerating bond financing will allow the county to deliver backlog MSTIP projects sooner than a pay‑as‑you‑go approach, while taking advantage of relatively lower interest rates compared with recent years.
What the board approved
Assistant County Administrator Anne Ober and interim Chief Financial Officer John Steyer outlined the financing structure and schedule. The authorization covers full‑faith‑and‑credit bonds…
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