Jackson sells $26M in bonds for road work

The Clarion-Ledger, 12/23/8

The city of Jackson will have a multimillion-dollar budget when it starts long-awaited repairs to its infrastructure next year.

Jackson netted $26.2 million from a bond sale last week, though it was slightly less than what was expected. The city expected to earn about $26.6 million.

The money will be used to resurface roads and fix bridges throughout Jackson.

City administrator Rick Hill said the bond market was weaker than he had hoped.

“The condition for the market went against us a little bit, so we were not able to get as much as we anticipated,” he said.