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US Capital Wealth outlines bond options for a new jail; $50 million scenario could raise county tax burden by several cents
Summary
US Capital Wealth presented financing choices to Freestone County, explaining general obligation bonds, certificates of obligation and tax notes; a $50 million example showed a roughly $3.9 million annual debt payment at 4.5% (20 years), which under one set of assumptions would add roughly 4–6 cents to the county tax rate in early years.
Freestone County heard a detailed presentation from Ben Rosenberg of US Capital Wealth about borrowing options if the county pursues a new law-enforcement/jail facility.
Rosenberg described three common instruments: general obligation bonds (which require voter approval), certificates of obligation (which require public notice but not a vote in all cases), and short-term tax notes. He said the county’s current audited financials and lack of outstanding debt positioned Freestone favorably for…
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