Richland County will be saving money with a newly approved Capital Improvement Plan supervisors approved at Tuesday’s Board meeting. The practice of short-term borrowing over the last several years has been utilized to complete various capital improvement projects within the county. A significant reduction in the amount of short-term borrowing was proposed for 2025 projects, and the amount of proposed short-term borrowing for 2025 capital improvement projects is $601,200, excluding fees, with $500,000 for Highway Department projects and $101,200 for Management Information Services (MIS) projects. The county is working on this Capital Improvement Plan, which will eventually lead to no longer having to borrow funding. This move is possible due to the relief from Shared Revenue and money still left from previous borrowing.
Supervisors Approve Capital Improvement Plan in Richland County
Jun 20, 2024 | 12:55 PM
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