Mahoning jail borrowing OK’d

Mahoning jail borrowing OK’d

YOUNGSTOWN — The Mahoning County commissioners have issued more than $21 million worth of bonds and notes for 14 purposes, including $4 million to help the county pay 60 deputy sheriffs it hired this year to fully open county jail facilities.

The $4 million will be used to pay down county debt and free up other general fund revenues, such as property tax revenue, to pay the deputies, county Administrator George Tablack explained. Most of the items on the borrowing list were rollovers of pre-existing notes, Tablack said today.

The county receives a cash payment at the time the bonds are issued and will repay the investors who provided the money over time.

For the complete story, see Friday’s Vindicator and Vindy.com.