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New High School Will Increase County Debt Load

May 14th, 2013 by WCBC Radio

The Allegany County Commissioners have committed $9.2 million toward the cost of a new Allegany High School- having added an extra million last year to reach that total after a request from the board of education. Board of education contributions bring the local share of the project to $12.2 million. While the commissioners worked cooperatively with the school board in putting together a funding plan- its not without its drawbacks as it will significantly increase the county’s debt. The county has worked diligently in recent years to aggressively repay past debt, drastically lowering that figure.  County Finance Director Jason Bennett said the only new debt being added to the county’s capital plans at the moment is the money for the high school-  but he cautioned that the move will increase the county’s  debt load significantly beginning in 2015.

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