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Oktibbeha supes want to borrow $10 million for capital improvement fund


Oktibbeha supes want to borrow $10 million for capital improvement fund
Oktibbeha County supervisors are looking to borrow up to $10 million for infrastructure projects next fiscal year without raising the property tax millage rate.
In a work session Wednesday, supervisors discussed using the funds toward roads, as well as toward such projects as replacing the Oktibbeha County Lake Dam and building a new county administrative complex.
Lynn Norris, with Madison-based Government Consultants Inc., told supervisors the county could take on $10 million in new bonded debt while leaving its millage rate at 58.49. Five years ago, when the county borrowed $14.5 million to fund its last major infrastructure plan, supervisors approved a 2.4-mill increase to support it. ....

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