LaFayette, GA – Several adjustments and additions to the September Walker County Commissioner meeting schedule will take place in September.
Walker County Commissioner Shannon Whitfield will present the proposed fiscal 2020 budget for Walker County Government during his regular public meeting on September 12th.
A public hearing on the proposed budget will then take place on Thursday, September 19th at 6:00 p.m. at the Courthouse Annex III building.
The Commissioner’s second regularly scheduled meeting of the month has been moved to Tuesday, September 24th and will include public hearings on the McLemore Resort and requests that went before the Planning Commission.
Then on September 30th, the budget will be considered for approval at a called meeting at Noon in the Commissioner’s Office conference room, located at 101 S Duke Street in LaFayette.
A breakdown of the September meeting schedule is listed below:
September 12 – 6pm Regular Meeting at Courthouse Annex III*
September 19 – 6pm Public Hearing on fiscal 2020 budget at Courthouse Annex III
September 24 – 6pm Public Hearing/Regular Meeting at Courthouse Annex III (Public Hearings are on planning/zoning requests and tourism development)
September 30 – 12pm Called Meeting at Commissioner’s Office**
*201 S Main Street in LaFayette, GA
**101 S Duke Street in LaFayette, GA
Moody’s based its rating on “the county’s recovering financial position following years of structural imbalances that substantially eroded the county’s reserves and liquidity, resolution of the county’s outstanding liability with the hospital authority,” and other factors involving economics and local government finances.
The improved credit rating, along with an increased demand for bond products in the market this week, helped the underwriter sell the Series 2019 bonds at a low rate of 2.64%, a significant improvement from the original rate of 5.2% tied to the Series 2015 bonds.
“The taxpayers of Walker County are the real winners today,” said Commissioner Shannon Whitfield. “Together, we’ve worked hard to restore our county’s credibility by targeting debt reduction. The fruits of that labor are starting to be realized. We reduced the term on this bond by nearly five years, which will save the taxpayers $3,921,475.”
The Walker County Development Authority (WCDA) issued the Series 2015 bonds on behalf of Walker County Government, in order to fund the completion of infrastructure at the Walker County Industrial Park and provide funding for basic county government operations.
Commissioner Whitfield signed off on the $14.5 million bond purchase agreement during a called meeting today.