Sunday, February 24, 2008

Maury County debt will swell to $100 mil plus


Maury County’s debt will likely swell to more than $100 million with additional borrowing this year needed to finance building projects, raising the question of whether a property tax hike will be required to pay the bills.

Commissioners are planning to build a middle school in Spring Hill and a criminal justice center in downtown Columbia. Financing those projects will likely result in at least $40 million in borrowing.