A combination of long-term and short-term borrowing worth $14.1 million to fund various projects around the county was approved by the Board of Supervisors on Monday.

The figure includes $8.4 million in long-term debt and $5.7 million in short-term debt.




Although no commitments were made in the motion to approve the bonds, supervisors have their eyes set on a couple of specific projects.

To calculate the amount of money it needed for long-term borrowing, supervisors appointed dollar amounts to six different projects:

• $300,000 for Reunion Parkway (Phase II)

• $1.2 million for Reunion Parkway (Phase III)

• $3.2 million for Bozeman Road

• $185,000 for King Ranch Road

• $500,000 for Catlett Road

• $3 million for various buildings.

The $3 million for buildings, District 5 Supervisor Paul Griffin said, could be used if the county decided to construct a building to house a driver’s license testing station or a new courthouse, for example.

“What we ultimately do with that $3 million will be determined by the majority of the board,” Griffin said. “But it will go into buildings.”

Griffin said the board plans to spend more than $7 million on roads before the the current board’s end of term on Jan. 1. That money, he said, will go towards infrastructure projects to be determined by supervisors.

State law restricts spending on road projects to less than 25 percent of the total annual budget in the final three months of every board term in order to limit financial commitments for future boards.

By issuing these bonds now, the current county board raised the amount of that 25 percent figure in order to get more work started before January.

“Everyone has their wish list,” Griffin said. “But we definitely need to include drainage in that, because Madison is becoming an urban county with more concrete, more asphalt and definitely more water problems.”

The next board term will include a new supervisor for District 4, where David Bishop lost to opponent Jim Harreld in the August Republican primary. Harreld faces former Democrat Supervisor Karl Banks in the November general election.

Last month, supervisors approved a budget for the 2019-2020 fiscal year that topped $121 million and was $24 million more than the 2018-2019 budget.

During the past four years, county supervisors have issued multiple short-term and long-term bonds to finance dozens of road projects throughout the county, from simple neighborhood overlay projects to battling the flooding issues on Weisenberger Road.