News and Information for Gloucester and Mathews, Virginia | Thursday, May 23, 2013 Vol. LXXVI, no. 21 NEW SERIES
subscriber/user login
  • Home
  • About
    • Advertise
    • Subscribe
    • Gazette-Journal Store
    • Contact Us
  • News
    • Gloucester
    • Mathews
    • Business News
  • Opinion
  • Schools
  • Sports
  • Food
  • Obituaries
  • Classifieds
    • Classified Ads
    • Real Estate Ads
    • Place an Ad
  • Real Estate
  • Store
    • Subscribe
    • Find Your Ancestors
    • Books
    • Photo Prints
Home » News

Supervisors to discuss finances of county’s public utilities system

.(JavaScript must be enabled to view this email address) | Posted on Oct 26, 2011 - 01:45 PM Printer Friendly View

The Gloucester County Board of Supervisors will hear from financial consultants regarding the county’s ailing public utilities system during its meeting Tuesday night, beginning at 7 o’clock, in the colonial courthouse.

The board voted 5-2 during its meeting on Oct. 18 to delay a vote on borrowing $4.2 million for the department until after hearing from the consultant.

In the spring, Gloucester’s Capital Improvements Advisory Committee recommended the county seek outside financial advice on how to make the utilities department more financially stable and self-sufficient.

As a short-term solution, the committee recommended borrowing $7 million, which is proposed to be split in two borrowings, for fiscal year 2012 and fiscal year 2013.

The financing, in the form of revenue from bonds, would help offset the department’s most critical needs and the debt-service requirements would be covered by the county’s general fund, according to Nickie Champion, Gloucester’s director of financial services.

To view this article in its entirety, subscribe here. Already an online subscriber? Login Here

More News:
  • Soaring free
  • Services to be held Sunday in observance of Memorial Day
  • Senior housing plans discussed at Mathews planning meeting
  • 2,000+ attend VIMS Marine Science Day
  • Nearly 350 cyclists take part in Tour de Chesapeake event

Support our advertisers

www.Hoggerealestate.com www.gloucestermontessori.org

Subscribers

  • Log in

Pages

  • News
  • Sports
  • Schools
  • Food
  • Churches
  • Business
  • Opinion
  • Events
  • Classifieds
  • Real Estate
  • Obituaries
  • Gazette-Journal Store
  • Photo Prints
  • Weather
Latest Gloucester, Virginia, weather

Links

  • Subscriptions
  • PDF Subscriptions
  • Place an Ad
  • RSS News Feed
  • VA News
  • Printing Services
  • Find Your Ancestors
  • Advertise With Us
  • About Us
  • Newspapers in Education
  • Having trouble with this site?
  • How to Place a Notice
  • Contact Us
  • facebook
    twitter rss

    Special Sections

    weather

    Quick Links

    • Advertise With Us
    • Place a Classified Ad
    • Find Your Ancestors
    • Place a Notice
    • Printing Services
    • Purchase Photo Prints

    Recent Posts

    • Editorial: We pause to remember
    • Editorial: A case of fair play
    • Letter: Captain Sally’s heroism remembered
    • Letter: Marking 100 years of the Gloucester Woman’s Club
    • Letter: The abuse of a national treasure
    • Letter: A successful Tour de Chesapeake

    Subscribers

    • Log in
    • Download Past Issues (PDF Archive)
    • May, 2013 Archive
    • April, 2013 Archive
    • March, 2013 Archive
    • Subscribe Today!
    Gloucester Mathews Gazette-Journal, 6625 Main Street, P.O. Box 2060, Gloucester, VA 23061 Phone: (804) 693-3101
    © Copyright 2011-2013, Tidewater Newspapers, Inc. All Rights Reserved. | Thursday, May 23, 2013 - 3:04 pm