July 30, 2017
Comm. Pennamon suggested getting a financial advisor to help with the proposed $8.3M SPLOST debt.
The Jasper County BOC has posted a “Called Meeting” for Monday, July 31, 2017 at 6:00PM. The only item on the agenda is:
Old Business: 2018 SPLOST Planning
Golly! Haven’t they done 2018 SPLOST planning for 4 months now? What new and interesting item may they add Monday night?
Could it be the Financial Advisor that Comm. Pennamon suggested?? Start at 1:00 on the video–
Miraculously, this financial advisor had just called the County Manager, Mike Benton, a few days before Pennamon suggested it. What a coincidence!
After this suggestion by Comm. Pennamon last Monday, Mike Benton said he would call the advisor back and set up a meeting. Is this what the 7/31/17 meeting is about? The agenda doesn’t tell us.
So far the BOC has proposed the 2018 SPLOST with $3,900,000 of projected income and $8,280,132 of proposed expenditures, creating a corresponding debt burden of $8,280,132 plus interest. This debt will supposedly be paid with SPLOST revenues and with Baxter/Shire/Stanton Springs/Four County Development Authority revenues. (We mention all these names because the BOC has used all these names for the same JDA-Joint Development Authority.)
Comm. Pennamon said he wanted the Financial Advisor to give them advice on how long the loan term should be. Comm. Henry said that decision should be up to the BOC, not an outside advisor.
Of course, there was no mention of cost, but if he is used, will the advisor’s fee be based on the amount of the loan?
Citizens, be informed and stay informed! Only by being informed, can the citizens understand what is being done and talked about, and then press our officials to make good decisions for everyone in Jasper County. That is our goal with the Taxdogs blog.