Polk Jail Debt Delay?

Shields, Yvette
January 2006
Bond Buyer;1/25/2006, Vol. 355 Issue 32305, p27
Trade Publication
This article reports that the sales of $68 million of voter-approved bonds in Polk County, Iowa, may be delayed. Officials are working out how to cover debt service until the jail to be financed by the debt opens in 2008. They believe the debt can be repaid by using the money it would save by no longer having to pay to house overflow inmates in other jails. There would be no need to increase taxes. The sheriff's budget, however, does not include funds to cover repayment of the bond issue until the jail opens.


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