County Repays State Loans 20 Years Early
Written by Andrew-Rossi on November 1, 2017
State Treasurer Mark Gordon is expected to be in Cody Friday, along with State Auditor and Cody resident Cynthia Cloud, to celebrate the fiscal responsibility of the Park County Commissioners.
Last week, the Commissioners announced that three loans totaling over $2.5 million dollars were repayed to the state of Wyoming – 16 and 20 years earlier than scheduled.
The loans were originally doled out to the county to safely close landfills in Meeteetse, Clark and Powell. Additionally, in July, the County gave back $1.5 million dollars to the state for funds they hadn’t used for the projects. Commissioner Jake Fulkerson commended the board and the county staff for finding ways to be fiscally responsible with the State’s money.
Commission Chair Lee Livingston expressed his pride in the efforts of the Solid Waste Department staff and the County Engineer, for completing the projects ahead of schedule and below budget. He pointed out that in repaying the loans early, County taxpayers will save more than $650,000 in interest payments over the next 20 years.
To celebrate the significance of these accomplishments, the Park County Commissioners, the Solid Waste Department staff, and County Engineer will host two of the members of the State Loan and Investment Board – Auditor Cynthia Cloud and Treasurer Mark Gordon – on Friday, November 3rd, at 1:00 in the Commissioners’ Meeting Room in the Courthouse.