Riley County commissioners decided Monday to table discussions on how to finance the county’s looming facility upgrades.
A space study analysis was conducted in 2012 and projected the costs to be around $25 million. Due to inflation, the commissioners now believe that this number could be between $40-$60 million dollars.
During their Monday meeting, the commissioners were presented with three ways to pay for facility upgrades.
County Clerk Rich Vargo…
The first way would be cash, which would come from the capital improvements fund. The second option would be through a bond which would require an election. The final option would be to form a public building commission, which could issue revenue bonds to finance public building construction.
The commission had a lengthy discussion where differing opinions were shared, and ultimately they decided to reconvene in a couple weeks to speak on the matter further.
