What’s going on with bonds?

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city of priest river

What’s going on

with the bonds?

I read in the July 19 edition of the Priest River Times that the city of Priest River is considering a bond of $3.2 million to match grants provided by USDA and the U.S. Army Corps of Engineers for its wastewater improvement design project, which would equal $2.95 per user per month, beginning next year.

This article was confusing to me, as the city just passed a sewage treatment bond last year for $3.2 million, which would cost the taxpayers over $7 million with the interest. Is the city planning to ask the taxpayers for even more money or are they just negotiating how to apply the $3.2 million they already received? Will someone please explain? I don’t live in Priest River but I do business there and tax increases affect all of us.


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