TIM PRATT
STARKVILLE — After some heated discussion Thursday, the Oktibbeha County Board of Supervisors took a step toward increasing the county’s bonding capacity.
The county is allowed to borrow up to 15 percent of its total assessed value. With an assessed value of $307 million, the county can borrow approximately $46 million.
Supervisors on Thursday voted unanimously to petition the state Legislature to increase its bonding capacity from 15 percent to 20 percent. Twenty percent of $307 million would be more than $61 million.
Thursday’s vote came with less than two weeks remaining before the board opens bids for the Oktibbeha County Hospital construction project.
The county has approximately $22.1 million available in unused debt, which will go toward the hospital project. Supervisors are worried the cost of the hospital renovations will “wipe out” what’s left of the $22.1 million, which could leave the county in a perilous position if a natural disaster struck and the board needed to borrow money.
Read complete article at Commercial Dispatch.

The mood inside New Horizons Christian Fellowship Monday afternoon was one of excitement, hope and a little apprehension.
Area church congregations answered the call from pastors to help victims of the Haiti earthquake with donations, volunteering, and even direct visits to the country.

Recent comments