Exclusive Content:

CAG launches iCAL in Rajkot for Audit of Local...

Inauguration of India's First International Centre for Audit...

Publications from the Asia-Pacific Regulatory Perspective

Regulatory and Market Developments in ESG Investing Across...

Bloomberg Tax & Accounting Unveils AI Expression Generator and...

Enhancements to Bloomberg Tax Workpapers with AI Formula...

Bond Election Scheduled for Court, Jail, and Law Enforcement Facilities in Codington County | Local News

Bond Election Scheduled for Court, Jail, and Law Enforcement Facilities in Codington County | Local News

Codington County Commissioners Approve Resolution for $29.65 Million Bond Election

Codington County Commissioners have approved a resolution for a bond election on November 5th, 2024, to fund the construction and renovation of court facilities, a county jail, and law enforcement facilities. The county plans to issue up to $29,650,000 in general obligation bonds for the project.

The resolution cites the need to improve current facilities to meet the county’s needs, including potentially building a new sheriff operations facility. If the bond election passes, the county will borrow the funds with a repayment term not exceeding 20 years, with the County Commission determining the interest rate.

In addition to the bond funds, the county plans to allocate $8,600,619 from future building funds towards the project, reducing the overall borrowing amount. The bond election will coincide with the General Election on November 5th, 2024, with voters being asked to approve or deny the issuance of the bonds.

The County Auditor will announce the voter registration deadline, and notices regarding registration will be published in the official county newspapers for two consecutive weeks. The election notices will include details about the project and the ballot format, with the County Commission meeting within six days of the election to canvass the results.

This decision comes after the County Commissioners grappled with the proposal and approved the construction manager contract for the potential jail construction in Codington County. The approval and authorization of Chair Rand signal progress towards addressing the county’s infrastructure needs. The decision on whether to build a new detention center will likely be up for discussion in the upcoming election.

Latest

CAG launches iCAL in Rajkot for Audit of Local Governance

Inauguration of India's First International Centre for Audit...

Publications from the Asia-Pacific Regulatory Perspective

Regulatory and Market Developments in ESG Investing Across...

Bloomberg Tax & Accounting Unveils AI Expression Generator and Upgraded Integrations for Workpapers

Enhancements to Bloomberg Tax Workpapers with AI Formula...

Specialty Pharmacy: A Strategic Approach for Hospitals to Navigate Financial Challenges and Improve Patient Care

Exploring the Potential of Entity-Owned Specialty Pharmacies in...

Newsletter

Don't miss

HKA expands forensic accounting and commercial damages practice with three new experts

HKA Welcomes Three Experts to Forensic Accounting and...

Delta Air Lines CEO Challenges the Economic Tactics of Budget Airlines

Delta Air Lines CEO Critiques Low-Cost Carriers Amid...

India’s Institute of Chartered Accountants

The Institute of Chartered Accountants of India Hosts AI Innovation Summit - AIS 2024 in Hyderabad The Institute of Chartered Accountants of India (ICAI)...

Forvis Mazars Provides Employee Retention Solutions

Forvis Mazars Offers Solutions for Employee Retention in Thailand Forvis Mazars Offers Solutions for Employee Retention in Thailand In the midst of the ongoing employee...

HKA expands forensic accounting and commercial damages practice with...

HKA Welcomes Three Experts to Forensic Accounting and Commercial Damages Practice in the United States HKA Bolsters Forensic Accounting and Commercial Damages Practice with...