• Webmaster Elisha

Letter to the editor

Paying too much Editor, The Sun: The Woodford Fiscal Court's agreement to accept a loan from the Kentucky Association of Counties (KACo) for the courthouse renovations strikes me as odd given that Woodford County has a higher credit rating (Moody's Aa2) than KACo's pool loan program (S&P AA-). They accepted a rate of 3.5 percent for a $1,000,000, seven-year loan when my firm sold a $1,025,000, nine-year bond issue for the Harlan Independent Schools (Moody's Aa3) at a rate of 2.218 percent on July 11. I think that means that the county is paying a 37 percent premium over the lower credit-rated Harlan City schools, or to put it into dollars, $38,454 in excess interest payments for the $1,000,000. Stan Kramer Versailles

4 views0 comments

Recent Posts

See All

Pisgah Presbyterian

Drive-in church will continue through the month of March; weather permitting. Changes will be posted on Fridays. Adult Sunday school is beginning a new study of “The Cross and the Lynching Tree” by Ja

Midway Baptist Church

Midway Baptist is meeting in person and on Facebook live every Sunday at 11 a.m. Follow the church’s Facebook page for other announcements and upcoming events.

Glenn's Creek Baptist Church

Glenn’s Creek’s new pastor is Versailles native Nick Green. The church is currently in a revitalization process. Sunday school will be back up and running in the next month or two. Sunday service is a

© 2016 by The Woodford Sun. Proudly created by Charismatic Media