Stephens County is now making payments on the debt associated with the new Stephens County Jail out of its general fund.
On Tuesday, Stephens County Administrator Phyllis Ayers told the Stephens County Commission that the county’s SPLOST IV monies had all been spent.
According to Ayers, while SPLOST IV ended a number of years ago, remaining funds in that SPLOST account had been making the payments on the jail debt.
She said the jail was one of the projects that was covered under SPLOST IV.
“Beginning this month, the general fund will begin making those principal and interest payments, which will be the nice challenge in the budget for next year,” said Ayers. “It is about $480,000 a year that we will need to cover in the general fund.”
During the discussions on the Fiscal Year 2012-2013 budget earlier this year, Ayers had informed commissioners of the pending impact on the general fund. At that time, Ayers said that it would cost more than $300,000 this fiscal year.
Ayers said in May that the jail payments would continue out of the general fund for the next 10 years.
The new Stephens County jail, which is located on Scenic Drive, opened in 2008.