Council Adds 4.5 Million To County Debt For “Life Enhancing” Projects
Thursday, April 24th, 2008At the April 17, 2008 meeting of Florence County Council, an ordinance (Ordinance 26-2007-207/8) to reduce the county’s interest rate on existing Certificates of Participation was introduced. But, this wasn’t the whole story. What was left out of the written ordinance was the fact that 4.5 million dollars was added on to the debt to fund optional projects favored by some of the councilmen.