Branch County has sold bonds for $24.1 million to pay for the new Branch County Jail. According to a statement from County Administrator Bud Norman in The Daily Reporter, he said the rate was 2.69 percent for 18 years.
This comes as Michigan sees tax revenues fall which will cut state shared revenue in the coming months. Norman also said timing was good, citing that the window for rates were quite good and that if this action had been taken prior, rates would have been well north of 3 percent.
The county passed the 20-year, 1.25 mills in August 2018. It has collected the taxes since then. The 1.25 mills raises $1.625 million a year which has been put into a fund to cover design and architecture costs.
Completion of the project is scheduled for September 30th, 2021.
(07-07-2020) New Deputy Marshal in Ashley-Hudson
(07-07-2020) Cameron Classic Golf Tournament Returns This August
(07-07-2020) Sparks Stepping Down As Coldwater Chamber Director
(07-07-2020) Tibbits Opening Show Moving Outdoors
(07-07-2020) Shelton is Officially the Middle District Commissioner
(07-07-2020) Hearing for Former Montpelier Chamber Director Postponed
(07-07-2020) The Heat is Here Until the Weekend
(07-07-2020) Angola Balloons Aloft Sees Date Shift
(07-07-2020) Attorney General Race Heating Up Within Hoosier State
(07-07-2020) Angola Common Council Approves Senior Living Rezoning
(07-06-2020) Indiana Steadily Climbs Past 48,000 Mark In COVID-19 Cases
(07-06-2020) Motorcyclist Injured After Striking Deer
(07-06-2020) 21 New Cases Of COVID-19 And 2 Deaths In Southern Michigan
(07-06-2020) Toledo Police Officer Shot And Killed Saturday Morning
(07-06-2020) New COVID-19 Alert System Announced In Ohio
(07-06-2020) Saturday ATV Accident In DeKalb County Injures Two
(07-06-2020) Saturday Afternoon Motorcycle Accident In Branch Country