Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Investments»Hamilton County approves school facility bonds, but board members anticipate higher costs
    Investments

    Hamilton County approves school facility bonds, but board members anticipate higher costs

    August 16, 20242 Mins Read


    HAMILTON COUNTY, Tenn. — The Hamilton County Commission recently passed a resolution authorizing millions of dollars in bonds for school facilities.

    But school board members say even with this money issued, they fear higher costs as their plans move forward.

    District 2 board member Marco Perez says…

    “It was a very painful process in the last year.”

    Perez says he knows this project will eventually cost more than the bonds they received.

    “Did we get everything we want? Probably not. Is it gonna cost more? Yes. Just like health care, everything will cost more a year from now than it does today,” Perez.

    This is what county commission says they want the money to be issued towards:

    Versus what the bond provides:

    Adding in an extra $85 million of other needs that the county says the schools need:

    • $60 million for deferred maintenance
    • $10 million for general government projects
    • $5 million towards recreation investments
    • $10 million for Wastewater Investments

    Jill Black, District 11 board member, says…

    “I was frustrated, to say the least, to see other projects within the county government tacked on to a bond that was supposed to be for schools.”

    Black says Clifton Hills Elementary was promised more than can be given with how the commission voted on the bonds.

    “When we vote on something, say that this community is getting a new school, and then it’s taken away… That hurts the trust in us and we weren’t the ones that made that decision. That’s upsetting,” Black says.

    The department says the money would go towards projects in Soddy-Daisy.

    Some commissioners say this is just a band-aid for the county’s waste water projects.

    Commissioner Warren Mackey says the county needs to be more efficient with tax payer dollars.

    Board Member Ben Connor says this issuing of bonds has created a disconnect, and now they need to come together to try to figure it out.

    “We’ve got to figure out how we can do this. Obviously, some of these projects won’t be able to be funded because, simply put, there’s $1 amount that’s attached to them, and there’s not enough in the bond issue. So there will be questions that this school board will have to vote on, to change, and to navigate the monies that we have been allocated from Hamilton County Commission.”

    Connor says they are still figuring out how they will get the funding model for the bond.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Andhra Pradesh Aims For $150 Billion in Investments With Launch Of Electronics Policy 4.0

    Investments

    Tube Investments Q1 Results: Higher expenses weigh on margin despite strong revenue growth

    Investments

    Long-dated euro zone bonds sell off; Trump slaps on tariffs

    Investments

    Chair of Lancashire hospice says “it has been an honour” after retirement

    Investments

    Buzzer beat tariff deal: “will give the US $350 billion for investments owned and controlled by the US, and selected by myself”

    Investments

    CPP Investments to provide $225 million in funding for Ontario data center

    Investments
    Leave A Reply Cancel Reply

    Top Picks
    Property

    CMA action “would put upfront information back on property agenda”

    Property

    Transcript : Four Corners Property Trust, Inc., Q4 2024 Earnings Call, Feb 13, 2025 -Le 13 février 2025 à 17:00

    Investments

    India’s elite is embracing overseas investments to unlock global wealth

    Editors Picks

    EtihadWE enhances agricultural sustainability and supports food and water security

    March 5, 2025

    macompta.fr : la fintech de Valence entre au classement des Champions de la Croissance 2025

    May 6, 2025

    SBP to Roll Out Pilot for Pak’s Own Digital Currency

    July 9, 2025

    Bullet For My Valentine: the story behind The Poison

    August 17, 2024
    What's Hot

    Coal India Dividend 2025: Monopoly PSU Stock Announces Final Dividend Of Rs 5.15

    May 7, 2025

    See which Michigan counties have the most foreign-owned agricultural acres

    August 22, 2024

    What is Orichalcum – the ‘lost metal of Atlantis’?

    July 17, 2024
    Our Picks

    Top Wall Street analysts are bullish on these dividend stocks – NBC Chicago

    February 23, 2025

    Cryptocurrency News Live: Bitcoin, Ethereum, Solana, memecoin prices today; check latest market, trading updates

    July 14, 2025

    Copper oxide coupled with photon upconversion for solar water splitting

    July 20, 2024
    Weekly Top

    What Is Cryptocurrency And Why Is It Changing The Way We Think About Money?

    August 1, 2025

    How to save local farmland and help farmers

    August 1, 2025

    High Noon vodka found in energy drink cans; What to know about Celsius recall in PA

    August 1, 2025
    Editor's Pick

    Les obligations catastrophes ont bouclé une année 2024 record

    January 14, 2025

    la fin des files d’attente en magasin

    March 18, 2025

    Moore Law PLLC Encourages Investors in Future FinTech Group, Inc. to Contact Law Firm

    August 20, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.