Guntown pursues cost-cutting measure

Reported by: Susan Parker
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Updated: 5/15/2013 7:42 pm
GUNTOWN, Miss. (WTVA) -- Dayton Bentley is knee deep in work these days.

One look at Guntown Hills street shows a neighborhood is rapidly expanding.

In all, some 28 permits are on the books for home starts, and it's just May.

City officials are working to improve infrastructure which will be required to accommodate growth.

"As a builder, I think it's very important. We're building a lot of houses right now, and I think now more than ever it's important for the city to build supplies for the water and sewer and the streets we need to put the houses in," Bentley said.

That is in the plan for Guntown.

Mayor Robert Herring says it begins with a closer look at the books.

The city has refinanced bonds to get a better interest rate, and it's definitely going to pay off. That move is going to save taxpayers more than $268,000 over the life of the loan.

"It didn't make sense that we'd be paying five-and-a-half percent on the loans that we have. Why not just combine them and see if we can get them paid off by some company and let them refinance them for us," Herring said.

The mayor says Guntown is in good financial shape which is good as they prepare to install a 250,000 gallon water tank to supply more water to the west side of town.

"The debt will be paid off 7 years early and that will give the town more in the future-more resources to do things for the city they need to do," Herring added.

The pursuit to eventually tie in to Saltillo's wastewater treatment plant is also making progress. The bid process is not far off.

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