PTC reviewing 2nd facilities bond for $2.5 million

Decision will be left up to new council members next year

It won’t require a tax increase, but the Peachtree City Council is facing a decision in coming months on a proposed second round of funding for improvements and repairs to facilities and amenities.

If the maximum amount of $2.5 million is funded, the city would pay off the bond in 10 years at a cost of $298,000 a year, according to Finance Director Paul Salvatore. That cost is already built into this year’s budget, he added.

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via The Citizen

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