Tazewell County plan to borrow funds for future improvements

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Tazewell County will be borrowing some money in the future. There was some debate between board members Wednesday night on whether to pay for future improvements with funds the county currently has, or to get the money via a loan. Ultimately the board voted in favor of a two year loan. Board chairman David Zimmerman said a loan gives the county a financial safety net as opposed to draining reserves. 

“I am hesitant to take away that cushion that we have currently and this just gives us one more option. We can borrow, but everything we borrow has to be paid back within 2 years according to state statures” said Zimmerman. 

No loans are currently in progress in the county. Zimmerman said the action was to allow for future loans to be processed when needed. 

The resignation of Tazewell County Coroner James Baldi was also approved tonight. The board has 60 days to name a replacement. That person will then start on April 1st. Board member Joseph Wolfe will also replace 79 year old Darrell Meisinger. Meisinger is stepping back from his position due to some health concerns.

 

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