Move should save both the county and taxpayers money by lowering interest rates.
By Ben Bomberger, Reporter
Monday, April 22, 2013 at 6:00 am (Updated: April 22, 6:00 am)
INDEPENDENCE – Grayson County will seek permanent financing through the Virginia Public School Authority for debt associated with school construction, following a public hearing earlier this month.
Supervisors heard no comments during the hearing, in which County Administrator Jonathan Sweet proposed the issuance of an estimated $18 million general obligation school bond.
Sweet prefaced the public hearing by noting that the $18 million was borrowed for construction of Grayson Highlands School in the western part of the county and remodeling of Fries School.
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