Macon may soon sell $18 million in bonds to get a series of big projects rolling before June 30, the end of the fiscal year.
The Macon City Council Appropriations Committee voted 4-0 Monday for a resolution to sell the bonds – the maximum amount allowed by the November 2011 referendum that approved a special purpose local option sales tax.
The resolution is headed for a final vote at a special meeting of full council Tuesday. If it and a subsequent bond authorization ordinance pass, the city would be able to put several million dollars into an emergency-radio upgrade, storm water system repairs, debt retirement and a few other projects even before SPLOST revenue starts arriving.
For more on this story, see Tuesday’s Telegraph.