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. 

Latest Hamilton County Jail Booking Report

Here is the latest jail booking report from Hamilton County: AGUSTIN, BRIAN FELIX  G3003 4TH AVE CHATTANOOGA, 37407  Age at Arrest: 18 years old Arresting Agency: Chattanooga THEFT OF PROPERTY --- ALBEE, JEREMY EUGENE  HOMELESS CHATTANOOGA,  Age at Arrest: 39 years old Arresting Agency: Chatt. Housing Authority PUBLIC INTOXICATION --- ... (click for more)

Tennessee Attorney General Intervenes In Opiod Lawsuits; Says State, Not District Attorneys, Should Take The Lead

Tennessee Attorney General Herbert H. Slatery III has filed motions to intervene in three lawsuits brought by district attorneys general against several opioid manufacturers and health care providers.    He said, "This Office moved to intervene to protect the interests of the entire state and its citizens while fulfilling our statutory duty to direct the opioid ... (click for more)

Avoid Underage Drinking And Other Prom Drama

My high school prom took a dramatic turn when two guys got their tuxedo jackets mixed up. One of them belonged to my date, who kindly offered to keep my wallet in his pocket. That’s the jacket another young man mistakenly grabbed off the back of a chair before heading to an underage drinking party that got shut down by police well after midnight—as kids scattered in every direction.  ... (click for more)

Roy Exum: The Sheriff’s Request

Jim Hammond will talk to members of the Hamilton County School Board on Thursday afternoon and, just like any police officer in the United States, he will request that everybody “stay in their own lane.” Some school board members tend to believe they need to help decide the best methods of protecting our children. They believe this is one of the things they were elected to do in ... (click for more)

Keiser, Wigg Power Ooltewah Past East Hamilton, 9-5, in 5-3A Baseball

Frustrated by an early season hitting slump, Ooltewah left-fielder Payton Keiser broke loose with four hits, including a clutch three-run triple in a five-run seventh inning, and drove in five runs as the Owls beat rival East Hamilton, 9-5, Tuesday in District 5-3A action in horrible weather for baseball. Keiser had run-scoring singles in the second and fourth innings and ... (click for more)

Cleveland Rally Tops Walker Valley, 4-1

CHARLESTON, Tenn – Cleveland pitching ace Camden Sewell is used to the gaudy individual numbers and he rarely disappoints. Unfortunately, he has walked off the mound a few too many times in tough battles such as the one with Walker Valley  Tuesday  night without the one number he most cherishes.   That number being the one you put in the win column. ... (click for more)