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Board agrees to $8 million short-term capital loan; splits $5M for schools, $3M for county
Summary
The Shenandoah County Board of Supervisors agreed to an $8 million short-term capital loan—$5 million to the Schools and $3 million to county operations—and reviewed related budget commitments, including a 3% COLA, SAFER grant payments, and capital projects such as the Fire & Rescue facility.
The Shenandoah County Board of Supervisors agreed April 9 to structure an $8 million short-term major operating capital loan that will allocate $5 million to the Schools and $3 million to county operations, Chairman Tim Taylor said.
Taylor reviewed other budget commitments tied to that plan, including a 3% cost-of-living adjustment for employees, the county’s share of SAFER grant obligations, advancing the Fire and Rescue facility project, and approving a Communications Manager position. County Administrator Evan Vass said the recent mid-year expenditure commitments, including personnel decisions, make beginning from a balanced budget difficult and that those commitments would be roughly covered by the proposed increase tied to the loan. Director of Finance Amy Dill explained that increasing the tax rate discussed in the session would also affect the county’s unassigned fund balance.
