The Gloucester Board of Supervisors will hold a pair of public hearings when it meets at 7 p.m. Tuesday in the colonial courthouse.
The first will be to consider the issuance of General Obligation Bonds not to exceed $37 million through the Virginia Public School Authority to finance the costs of school projects contained in the county’s Capital Improvement Plan.
The second public hearing will be on the proposed FY23-27 Capital Improvement Plan itself. The Capital Improvement Plan was first presented by Acting County Administrator Carol Steele during the board’s Jan. 18 meeting.
In the CIP, Steele recommended $32.5 million in Pay-Go projects in the five-year plan, requiring roughly $5 million in yearly spending to meet the projects’ needs. Currently, the county spends about $1.5 million each year in Pay-Go projects.
During her initial presentation, Steele also said that the county is at debt capacity and could not take on any more bondable projects at this time. If the boa...
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