City OKs first of 2 phases in plan to pay debts

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Draft document would raise sewer rates by 30%

By Thomas Barr

 SHEPHERDSVILLE - Local officials began the task of taking care of past patterns of overspending by agreeing to start the first of a two-part borrowing plan.

At a special meeting on Tuesday evening, the council was expected to approve the selling of taxable and tax-exempt notes to pay off $1.6 million in debts and provide another $457,000 in operating capital.

On Monday, Marty Brown of Public-Finance.com laid out the game plan for the first of two phases to provide some financial stability for Shepherdsville.

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