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Forsyth commissioners to allocate $1.77 million net bond premium across county, schools and Forsyth Tech
Summary
Deputy CFO told the board the 2025 GO bond sale produced $2.12 million in premium; after issuance costs the net $1.767 million will be split 65% county, 30% schools and 5% Forsyth Tech. Schools asked to add the full school share to an "Ashley" budget reserve.
Deputy Chief Financial Officer Lee Plunkett told the Forsyth County commissioners on Sept. 22 that the county’s 2025 general obligation bond sale produced $2,120,000 in premium and, after final cost-of-issuance adjustments, left $1,767,000 available for allocation.
Plunkett said the board’s May 8 resolution prescribed a percentage split of 65% for county purposes, 30% for the public-school system and 5% for Forsyth Tech. Applying those…
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