Miller County to pay off jail debt early
TEXARKANA, Ark. (AP) - Miller County officials say they will be able to pay off a debt for jail improvements early.
County Budget Commission Chairman Ernest Pender said Monday that that the county borrowed $281,000 in 2009 for jail repairs. A sales tax is being used to pay off the loan.
The county now has $683,000 available and can pay off the loan balance, with about $400,000 left over.
Pender told the Texarkana Gazette (http://is.gd/7ZVq0N ) that the Quorum Court can spend the $400,000 on any projects on which members agree.
Pender says the county will have $2.3 million available in its reserves.
Information from: Texarkana Gazette, http://www.texarkanagazette.comCopyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.