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Johnston County board OKs $67 million in general obligation bonds, authorizes up to $12.25 million in refunding bonds
Summary
The Johnston County Board of Commissioners voted April 20 to adopt a resolution authorizing $67 million in general obligation public improvement bonds, with portions tied to prior voter referendums, and to introduce a refunding bond order authorizing up to $12.25 million to refinance part of 2015 bonds if market conditions yield sufficient savings.
The Johnston County Board of Commissioners on April 20 authorized issuance of $67,000,000 in general obligation public improvement bonds to support school and college capital needs and approved a companion capital project ordinance.
Finance Director Chad McLamb told the board the request breaks down to $65,000,000 for Johnston County Public Schools and $2,000,000 for Johnston Community College, with portions drawn from voter-approved referendums in 2022 and 2024. McLamb said roughly…
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