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Rutherford County’s demand to educate students and provide services in a fast-growth county resulted in debt amounting to $338.5 million to be serviced this fiscal year.
The county’s proposed budget calls for paying off $40 million in principal and interest in the next fiscal year, said county finance director Lisa Nolen. Of that amount, 81 percent was spent on building and renovating schools while the remaining 19 percent was spent for general services.
County commissioners are expected to consider the debt service as part of the county’s overall $369 million budget when they vote on the proposal Friday.
