Shelby County’s ability to issue bonds is being revoked for the first time in history. This move could have significant consequences for the county’s plans to build new high schools and upgrade Regional One hospital. Without access to bonds, funding for these projects will be severely impacted.
Shelby County Government officials are facing a critical decision that could affect the lives of children and families. The comptroller’s office is responsible for issuing bonds, but due to unforeseen circumstances, this power has been taken away.
This development comes at a time when Shelby County Schools are in dire need of upgrades to their facilities. Improving schools is crucial for students’ educational experiences. The loss of bond issuance power could also impact Regional One hospital’s ability to upgrade and provide better care to patients.
The Tennessee comptroller’s office has made this decision, which could have far-reaching effects on the county’s infrastructure development. As a result, officials will need to explore alternative funding options to ensure that vital projects are completed.
Source: https://dailymemphian.com/article/55676/shelby-county-cant-issue-bonds-this-year-in-first-for-tennessee-comptroller-says