Council Discusses Financing Options

| November 14, 2012
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Financing for the new hospital was a topic of discussion at Tuesday night’s City Council meeting in Lexington.  Click to hear KMZU’s Sarah Scott speak with Mayor Jerry Brown:

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They are exploring new options since the bond issue failed in the November 6th election.  “They’re working with another bonding agent, called BB and T, and we’re working with HCA, the hospital lessee right now,” said Brown, “If those don’t look like they’re solid options, we’ll probably look to put this on the ballot again in April, for the April election, but that decision has not been made at this time.”

Council also discussed sales tax revenue, which is down for the year.  Brown said they would like to hit a revenue bracket of $350,000, but is positive December will bring in more tax.

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Category: Local News, News