Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Washington County board moves to join VRA pool to finance radio, broadband and EMS projects
Summary
The Board approved a resolution to participate in the Virginia Resources Authority spring pool to finance up to $23 million for county radio, broadband and EMS projects; staff warned the plan uses some one‑time funds and creates FY26 budget risk.
Washington County’s Board of Supervisors on March 12 authorized staff to pursue participation in the Virginia Resources Authority (VRA) spring pool to finance radio system, broadband and emergency services projects, advancing up to $23 million in potential borrowing.
Davenport & Company presented the results of a dual‑track financing review and recommended the VRA option as the most cost‑effective in current markets, saying it would be materially cheaper than direct bank loans. “VRA is the recommended plan of financing for this approach,” the county’s financial advisor stated during the presentation.
The financing package the county analyzed would cover three principal…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
