County Issuing Up To $235 Million In Bonds - Mainly For School Projects

Wednesday, December 13, 2017

Hamilton County plans to issue up to $235 million in general obligation bonds with the funds mainly to go to county school projects.

The County Commission earlier approved a property tax increase to support the bond issue.

Finance Director Al Kiser said there will be a 20-day waiting period in which taxpayers can protest the issuance.

He said the county will prepare an authorizing resolution probably in late January  that will "nail down the real dollars we will issue the bonds for."

Mr. Kiser said the actual issue will be sometime in the time period of March-May.

He said some 8-10 bidders are expected.

Mr. Kiser said the county will have to start paying interest on the bonds as soon as they are sold to a buyer - even though some school projects may not start for months. He said the county can invest the money that is unspent at the time.

He said if the county happened to get a higher return on the investment than the interest it is paying, the "arbitrage" earnings would need to be rebated to the federal government. However, he said the interest cost will likely be higher than the investment return. 


New Book Chattanooga In Old Photos Now Available At Zarzours; Enter Drawing To Win All 4 Photo Books

The new book Chattanooga in Old Photos, sponsored by Chattanoogan.com, is now available at Zarzours Restaurant on the Southside. The limited edition of 800 copies is printed by College Press of Collegedale. It is the fourth book in the collection called the Chattanooga Photo Books made possible by Chattanoogan.com. The others are The Remarkable Stokes Collection, Railroads ... (click for more)

Walker County Arrest Report For Oct. 17-21

Here is the Walker County arrest report for Oct. 17-21: ROBINSON   SUNDAY       MARIE           WF      52        Officer WOOTEN      PROBATION (F) GIVING FALSE NAME JORDAN        ... (click for more)

Rhonda Thurman Was On Target On The Magnet Schools

I can remember Rhonda Thurman telling the other members of the School Board that she would love to go to Las Vegas with certain parents that won the right to go to a Magnet School because they beat all odds.  She also called Magnet Schools"Private Schools" long before anyone else did.  It is truly amazing what some people won't or don't hear.  I hope some ... (click for more)

Roy Exum: Who Do You Trust?

About this time last month a 25-year-old kid with a fresh degree in “public policy” left me a phone call hoping to get my views. Joda Thongnopnua is the Democratic candidate for the State House in District 30 and he is like a load of other erstwhile politicians in my experience who I’ve never heard of but “really want to meet me” … this with less than a month before they “really” ... (click for more)

Mocs Soccer Ties VMI 2-2

The University of Tennessee at Chattanooga came back from a 2-0 deficit early with a pair of first half goals. The two teams battled it out for a draw in the season finale for both teams. The Mocs close out the year at 8-7-3 overall and 4-3-2 in league play, tied with Mercer for sixth in the standings. The Keydets are 6-8-2 on the year and 0-8-1 against the conference. “As ... (click for more)

Baylor, GPS, CCS Advance To State Soccer Semifinals

Baylor traveled to Briarcrest in Memphis on Saturday to compete for a Division II-AA final four spot.  After play to a 0-0 tie in the first half, Baylor would find itself down 1-0 in the 63rd minute when Anna Strong scored off a corner kick.  That lead did not last long as Ara Rhodes scored the game tying goal one minute later off an Avery David corner kick. Two minutes ... (click for more)