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Oktibbeha supervisors temporarily shift use-tax and unassigned bond funds to cover district road shortfalls
Summary
The Oktibbeha County Board of Supervisors voted to temporarily borrow from the county use-tax cash balance and reassign unassigned bond funds to cover immediate shortfalls on District 2 and other road projects so contractors with notices to proceed can be paid; the board said funds will be replenished when new bond proceeds arrive.
Oktibbeha County supervisors agreed in a work session to use short-term internal financing to keep road construction projects moving, voting to borrow from the county use-tax cash balance and to appropriate some unassigned bond funds to cover immediate shortfalls.
The board debated three funding gaps on contracts already issued notices to proceed: a grouped District 2 road package (including Rockill Road East and other local routes), a shortfall on New Light Road, and a $169,000 change order for a TPST at Robinson Moore High for which District 2's share was reported as about $84,500. County staff told the board that locking the bids now preserves current prices, and delaying work risks higher costs when contractors restart.
Mr. Collins, the county projects presenter, told the board the District 2 package had been grouped to lock prices and that…
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