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Greene County authorizes up to $43.5 million in water and sewer revenue bonds amid fiscal questions
Summary
After a public hearing and extended board debate over project scope and growth assumptions, Greene County approved a resolution allowing up to $43.5 million in water and sewer revenue bonds to finance a reservoir project and related items; the vote passed 4‑1 with Supervisor McQuiggan dissenting.
The Greene County Board of Supervisors authorized the issuance of an estimated maximum principal amount up to $43,500,000 in water and sewer revenue bonds after a public hearing and extended board discussion.
Finance staff (Courtney Rogers) explained the package includes the reservoir project and permanent financing of previously planned borrowing, with a maximum maturity not later than Dec. 31, 2057 and an interest‑rate cap in the documents of 6 percent (a conservative not‑to‑exceed figure). Rogers said the…
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