Lancaster explores options for funding capital projects

Jackie Nunnery

by Jackie Nunnery

LANCASTER—Now that the Lancaster board of supervisors has approved a capital improvement plan that includes a $60 million middle/high school and another $4 million in other county projects, the question of how to pay for it all was explored at the board’s June 30 meeting.

Ted Cole of Davenport Public Finance walked the board through a number of financing sources and timing of debt to best achieve the goals of the county while minimizing the impact on taxpayers. Cole said that while many of the smaller scale projects could be paid for through cash, “there are a handful of projects that are large dollar amounts that might lend themselves to be funded through debt, as the county has issued debt for various projects over the years.”

For the middle/high school project, Cole listed options from direct bank loans to federal programs like….

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