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Smyth County adopts FY24/25 budget, approves GO bond and capital actions; multiple budget amendments passed
Summary
Between March and June the Smyth County Board approved a general obligation bond authorization (up to $13.45M) for county capital projects, adopted the FY24/25 operating budget and several budget amendments, and later approved targeted appropriations and transfers tied to storm recovery and capital maintenance.
Smyth County supervisors adopted the Fiscal Year 2024/25 operating budget and approved multiple capital and budget actions during 2024. In March the Board conducted a public hearing and voted to authorize the issuance of General Obligation bonds in a principal amount not to exceed $13,450,000 to finance county facility and infrastructure projects. Davenport & Company recommended using the Virginia Resources Authority pooled financing option; the Board voted to proceed. County Administrator Shawn Utt told the Board the bond proceeds would be used for county buildings, public safety,…
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