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Fulton County approves $2013 water/sewer refunding after low bid boosts savings; managers present FY2026 budget with consent‑decree overlay
Summary
Commissioners approved a time‑sensitive water and sewer refunding after a Bank of America low bid increased projected savings to about $21.6 million. County staff also presented the FY2026 proposed operating budget showing higher expenditures and an overlay mill to cover initial consent‑decree items.
Fulton County commissioners on Nov. 19 moved a time‑sensitive finance item to the front of the meeting and approved a resolution to issue refunding bonds for the county’s 2013 water and sewer series. Interim finance director Ray Turner reported eight bidders and said the low bid from Bank of America at 2.631% increased projected net present value savings from earlier estimates: "With that rate bid this morning, those savings will now be 21,600,000.0," Turner said. The board voted unanimously to approve the resolution.
Later in the meeting, county management and the chief…
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