Branch County has sold bonds for $24.1 million to pay for the new Branch County Jail. According to a statement from County Administrator Bud Norman in The Daily Reporter, he said the rate was 2.69 percent for 18 years.
This comes as Michigan sees tax revenues fall which will cut state shared revenue in the coming months. Norman also said timing was good, citing that the window for rates were quite good and that if this action had been taken prior, rates would have been well north of 3 percent.
The county passed the 20-year, 1.25 mills in August 2018. It has collected the taxes since then. The 1.25 mills raises $1.625 million a year which has been put into a fund to cover design and architecture costs.
Completion of the project is scheduled for September 30th, 2021.
(04-16-2024) Coldwater Man Critically Injures An Orland Man In Accident
(04-16-2024) Sturgis Man Being Held On Rape Charge
(04-15-2024) Bronson City Council To Discuss Recreational Marijuana, Again
(04-12-2024) LaGrange Co. Community Foundation Receives Matching Grant
(04-12-2024) LaGrange Man Arrested On Multiple Charges In Mongo
(04-12-2024) Two People Injured In Three Vehicle Crash In Bronson
(04-11-2024) Ford Recalls 43,000 SUV’s Due To Fuel Injector Leaks
(04-11-2024) County Council Agrees On $1M Engineering Project With NIPSCO
(04-11-2024) Insanity Plea Dismissed For Angola Man Facing Murder Charges
(04-10-2024) Trespassing Suspect Allegedly Attempts To Drown SCSD K9
(04-09-2024) LaGrange Co. Council Approves Road Project Funding Request
(04-09-2024) Two Weekend Crashes In Cass County’s Milton Township
(04-08-2024) Cameron Hospital Accepts $50,000 Donation from F&M Bank
(04-08-2024) Angola Man Arrested On Multiple Child Pornography Charges
(04-06-2024) Victim Identified In Alleged Auburn Murder Case
(04-06-2024) Auburn Man Killed In DeKalb County Crash
(04-05-2024) Angola Chambers 'Meet the Candidates' Recap
(04-05-2024) Sturgis Sexual Assault Suspect In Custody
(04-04-2024) Trine Hosting Voter Education Event
(04-04-2024) Trine Hosting Sexual Assault Awareness Informational Fair