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Giles County budget committee weighs 10-, 15- and 20-year bonds, recommends tourism funding boost
Summary
The Giles County budget committee debated 10-, 15- and 20-year bond terms for a courthouse renovation and recommended shifting an additional $22,000–$25,000 annually from hotel-motel taxes to tourism promotion overseen by the county chamber, citing competitive interest prospects tied to a strong county credit rating.
GILES COUNTY, Tenn. — The Giles County budget committee debated financing options for a planned courthouse renovation, weighing 10-, 15- and 20-year bond terms before several commissioners expressed a preference for a 15-year term as a compromise between affordability and fiscal responsibility.
Financial advisor Ashley McNally said the county ‘‘holds a strong’’ credit rating and that status should help…
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