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.
via The Citizen http://www.thecitizen.com/articles/11-06-2013/ptc-reviewing-2nd-facilities-bond-25-million