Standard and Poor’s looked at the county when they began the recent bond sale and determined they are “very strong,” in relationship to their debt service and general fund, Maynard said.
There are only six counties in Tennessee with AA+ bond ratings. That is the second highest rating possible, Maynard said. Only two counties – Williamson and Hamilton – have a higher rating at AAA+.
“We’ve taken great strides to remain AA+,” Maynard said. “When I first came here, we have an ending general fund balance of $100,000. Now it’s at $10 million and is stable. We pay off our debit on time and have strong reserves. Standard and Poor’s recognized that and reaffirmed our bond rating.”
The only voting business the commission had Monday was when it passed a resolution to request unclaimed funds from the state. The funds are then put into the general debt fund, according to Maynard.
Maynard told the commission he was tasked by Hutto to prepare a Powerpoint presentation to detail the need for, and benefits of, a county-wide sales tax increase referendum. The referendum would be on the Nov. 6 ballot and would, if passed, increase the county’s sales tax from 9.25 percent to the state maximum of 9.75 percent. The funding would strictly be used for education purposes such as education debt services or new schools.
The alternative to the sales tax referendum is a property tax increase, Maynard said. That does not have to be approved by the public’s vote.
Maynard and Hutto said they would be available for presentations to various groups, businesses and other interested parties. The county may also send out mailers and hire an independent public relations firm to help spread the word about the need for the half-cent sales tax increase.
New commissioners, who met for the first time since the Aug. 2 election, took no time to elect committee members.
Hutto was elected the commission’s chairperson, and Commissioner Wendell Marlowe was chosen as commission chairperson pro-tem.
Four members were elected to the Budget Committee. Annette Stafford, Gary Keith, William Glover and Marlowe were chosen by paper ballot. Also chosen by paper ballot were members of the Finance Committee. Diane Weathers, Bobby Franklin, John Gentry and Dan Walker were elected.
Sue Vanatta, Terry Ashe, Gary Keith, John Gentry and Jerry McFarland were chosen by commissioners to serve on the Insurance Committee. Hutto appointed residents Nancy Andrews and Chris McAteer, along with Marlowe, Sonja Robinson and McFarland, to serve on the Animal Control Committee.
The Ethics Committee will consist of Terry Ashe, Cyndi Bannach, Chris Dowell, Mike Kurtz and citizen Earl Ray. Diane Weathers was appointed to the Planning Commission.
The road commissioner for Zone 2 will be Chad Barnard, and Robinson will be the road commissioner for Zone 4.
Don Chambers was reappointed to the Water and Wastewater Board, while John Lavender was reappointed as a parks and recreation advisory board member.
Twenty-five commissioners and their families will help build a Habitat for Humanity home Oct. 13 in Wilson County. Their work will take place during the one day, Hutto said.