Board denies refinance plan for water authority

Aerial photo of Walnut Creek Wastewater Treatment Plant (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. Since 2017, he has written over 1,000 articles sharing local updates with the community.