The prospect of a 2009 bond issue is getting less likely as the financial news gets grimmer each day.
As noted in today's article by Michael Biesecker, county commissioners and school board members got a whole lot of bad economic news at Wednesday's joint meeting. The county's inability to sell $370 million worth of school bonds makes another big 2009 bond issue a hard sell.
“There’s no market for long-term debt, at least not under terms we’re willing to pay,” said County Manager David Cooke in the article.
