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TCL warns county 0.1-mill raise may not cover debt service for Regional Workforce Training Center
Summary
Technical College of the Lowcountry told Beaufort County Council it cannot begin construction until capital is secured, and that changes to the county's bond issuance mean the previously expected 0.1-mill increase will not cover debt service for TCL's $6–7.5 million share. Administration said it will return with options and an intergovernmental agreement.
Representatives of the Technical College of the Lowcountry told Beaufort County Council they cannot move forward with construction of a proposed Regional Workforce Training Center until the college’s capital funding is secured.
At a council workshop, a TCL presenter said the college had been operating under the assumption that the county would invest $7.5 million in the project. Staff explained that changes to the county’s bond issuance and fiscal-year…
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