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Commission authorizes bond sale and adopts five‑year capital plan
Summary
The commission authorized up to $300 million in general‑obligation public improvement and school bonds and approved a substituted five‑year capital improvement plan (FY2025–2029). The moves set the framework for school and county projects, including the Frasier appropriation passed in the same session.
On a recorded vote the Shelby County Board of Commissioners authorized the issuance, sale and delivery of general obligation public improvement and school bonds of up to $300 million and adopted a substituted five‑year capital improvement plan covering FY2025–2029. County finance staff and bond counsel briefed commissioners on the measure and the relationship between bond sale timing, project cash flow and arbitrage constraints.
County finance staff noted that the bond authorization, if used, would be sold competitively and that the director of administration and finance would set final sale details. Commissioners emphasized the need to align bond proceeds, school construction schedules and minority contracting goals. The approval of the five‑year plan also included substituted language agreed in committee and will be transmitted to the mayor for signature.
