Board denies refinance plan for water authority

Aerial photo of Walnut Creek Wastewater Treatment Plant (HCWA photo)
(HCWA photo)

On Tuesday, December 1, Henry County commissioners voted 3-3 to deny the water authority’s ability to pay off existing bond debt through new bonds at a lower interest rate. The refinancing would save the water authority $2.8 million in interest over the next five to six years.

The water authority has outstanding principal bond debt of $25 mil...

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Clayton Carte is the founder and owner of MHF News. He founded the site in 2017 to highlight transportation projects. Over time, he began covering other topics like new development so residents can best know what’s happening in our community.