Press "Enter" to skip to content

Gloucester supervisors consider long-range funding options

Gloucester supervisors took a look at a proposed long-range funding plan for the county’s capital needs during the board’s June 13 meeting.Ted Cole of Davenport and Associates gave a presentation on the funding plan. The county has an ever-growing list of capital projects that continue to increase in price as they sit on the list. The goal of a long-range plan would be to fund more capital projects through debt servicing as the county pays off its current debt.

Cole presented the board with two scenarios for long-range planning, each with three hypothetical borrowing plans that were based on the belief that the board can afford to pay just over $4 million each year in debt services.

The consensus would be that to move forward with a long-range funding plan, the board needs to hold a referendum to get the approval of Gloucester voters.

The CIP projects that are recommended to be funded with the long-range funding plan include the construction of Gloucester Volunteer Fire and R...

To view the rest of this article, you must log in. If you do not have an account with us, please subscribe here.

where can i buy clomid buy clomid