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Board approves $30 million sales-tax-backed school bond resolution
Summary
The Houston County Board of Education unanimously approved a $30 million general-obligation bond tied to sales-tax revenue; a board member clarified that property taxes would be levied only if sales tax revenue proved insufficient to cover principal and interest.
The Houston County Board of Education voted unanimously to approve a $30,000,000 general-obligation bond series backed by sales-tax revenue.
Mr. Nichols read the resolution authorizing the sale and related documents and the board approved the 2026 bond resolution 6–0. A board member added a clarification that the levy of property taxes would occur only if sales tax receipts did not cover principal and interest payments, a point the member said the resolution itself contained though the meeting summary did not emphasize it.
Board members did not expand the public discussion beyond that clarification during the meeting. The resolution includes authorization for execution of a continuing-disclosure certificate and an official statement to support the bond issuance; no specific project-by-project spending breakdown was announced during the meeting.
The board recorded the motion and approval during its regular business session; the transcript shows the reading and the subsequent unanimous vote but does not include further financial modeling or a separate hearing on the terms.
