School sells bonds for new projects - WALB.com, Albany News, Weather, Sports

School sells bonds for new projects

Posted: Updated:

  • More WALB News10 HeadlinesMore News Headlines

  • Saturday, May 25 2013 7:30 AM EDT2013-05-25 11:30:07 GMT
    Albany Engineer K. Bruce Maples, P. E. announced some road closures Thursday morning. Beginning at 6:00 A.M., Saturday, May 25, 2013, the following streets will be closed for the Spring Fest and SB
    Albany Engineer K. Bruce Maples, announced some road closures beginning at 6:00 A.M., Saturday, May 25, 2013, in downtown Albany.

  • Friday, May 24 2013 10:55 PM EDT2013-05-25 02:55:46 GMT
    Not going out of town for Memorial Day? Don't worry, the Albany Panthers want to make sure you have a good weekend as they host their first ever beer fest. You can sample more than 20 types of beer Saturday
    Not going out of town for Memorial Day? Don't worry, the Albany Panthers want to make sure you have a good weekend as they host their first ever beer fest.

  • Friday, May 24 2013 10:50 PM EDT2013-05-25 02:50:57 GMT
    The family of a Miller County woman is mourning tonight after GBI investigators say the 58 year old was murdered by her husband, before he took his own life. Now the family of Barbara Bass is speaking
    The family of a Miller County woman is mourning tonight after GBI investigators say the 58 year old was murdered by her husband, before he took his own life.
    •   

By Jim Wallace - bio | email

December 9, 2008

ALBANY, GA (WALB) - The Dougherty County School system is about to begin construction projects at several schools.  

Tuesday, the school board unanimously approved selling $18 million in bonds to pay for the improvements.   Construction will begin soon on a new cafeteria and renovations at Westover High School, Turner, and Lake Park Elementary Schools. 

The bonds were sold so the school system did not have to wait until all the allocated sales tax money was collected to start renovations.  

"The bond markets are all over the place at the moment," says DCSS Business Director Robert Lloyd. "Unless you have an A rating, through Standard and Poor's, which we do. What we call commercial paper, which are bonds, isn't selling. Therefore we have to have a good rating."

The school board also approved spending $147,000 on pianos and stringed instruments for schools and bands throughout the system. Construction projects are also planned at Turner Elementary and Lake Park Elementary.

Feedback