Hamilton County Commission Approves Historic $260 Million Bond
Chattanooga, August 14, 2024—In a landmark decision, the Hamilton County Commission has **unanimously approved** a $260 million bond issue, heralded as the most aggressive move toward improving school facilities in the region’s history. This seismic step is aimed at addressing the long-standing infrastructure woes plaguing Hamilton County Schools.
A Step Forward in Education
Speaking by phone, Commission Chair Jeff Eversole stated, **”We are going to have to be really frugal with government spending to make sure we are taking care of our debt service over the next few years while not impacting services.”** Traditionally, bonds have been limited to a 15-year period, but these new bonds are likely to stretch to 20 years, according to Lee Brouner, the county’s finance director. Estimated interest payments stand at an eye-watering $112 million.
Addressing Deteriorating School Conditions
For years, elected officials have deferred funding for school facilities, much to the frustration of students and parents alike. An expert study previously revealed a **facilities crisis** within the school system. With many schools in a state of disrepair, public pleas for action have continued to intensify. Yet, many county leaders insisted on further studies to differentiate between wants and needs.
The list of projects that will benefit from the new funds was presented to commissioners last week, featuring a mix of new constructions and substantial deferred maintenance. Key projects include:
- North River Elementary: $42 million
- Gateway School: $40 million
- Soddy Daisy Middle: $25-30 million
- Brainerd/Dalewood 6-12: $25-30 million
- Clifton Hills Elementary: $10-20 million
- Thrasher Elementary: $5 million
- Deferred Maintenance: $60 million
In a candid remark, Robertson admitted that not all projects would be completed with this bond issue. **”There is some risk inherent in outlining it because we can’t be exact,”** said county Mayor Weston Wamp, emphasizing the complexity of long-term planning.
Economic Development and Small Business Growth
Further shaking up the county’s plans, the commission also unanimously agreed to provide permanent office space for economic development staff within the Small Business Development Center. This decision was met with some concern, with commissioners like David Sharpe questioning how it would enhance the small business experience.
**”We believe it is important to be connected as partners,”** said Cory Gearrin, the deputy mayor over economic development. Gearrin’s role, created in 2022, aims to transform the county into a hub for entrepreneurial growth rather than just serving as a landlord.
Future Considerations
As both the school improvement projects and economic initiatives move forward, all eyes will be on the Hamilton County Commission to ensure that every dollar is meticulously spent. The stakes are high, but the promise of revitalized schools and stronger economic connections offers a hopeful outlook for the future.
For further information, contact Joan McClane at jmcclane@timesfreepress.com or 423-757-6601.
