DeKalb County will enjoy low rates for these projects through the federal stimulus program. Boone County board members should note the start date of DeKalb’s new jail. After that is completed Boone County will lose a sizeable source of revenue.
Finance Committee agreed to use a combination of Recovery Zone Bonds and Build America Bonds, which are federal stimulus programs with a subsidized interest rate.
majority of the jail project may be funded by new revenue generated by an expansion of the landfill, which is a multiyear process needing approval by both the county and the state. Those bonds and the start of the jail construction are slated for 2012, though Hanson said it all depends on the landfill outcome.
Courthouse, jail projects go to public hearing | Daily Chronicle
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