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Johnson City approves initial bond plan to fund new elementary school and infrastructure projects
Summary
City commissioners approved an initial bond public notice and an authorizing resolution to begin issuing roughly $54 million in bonds over two years to fund the Newtown Acre elementary school and water, sewer and road projects; sale is planned in October with funding by December.
Johnson City commissioners on Sept. 8 approved an initial bond public notice and authorizing resolution to start issuing bonds to pay for a new elementary school and a slate of infrastructure projects.
Assistant City Manager Steve Willis told the commission the bond package under consideration would first issue about $54,000,000 in this cycle and finance the first portion of a proposed $45,000,000 Newtown Acre School project — approximately $25,550,000 now, with the remaining school funding expected in early summer next year to take advantage of…
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