Repayment would come from higher Solid Waste rates, meaning trash-service customers would help cover the cost of new equipment.
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The story
The Toccoa City Commission's proposed budget includes about $270,000 in General Fund equipment financed through the GMA Master Lease, with the lease payments to be covered by increases to Solid Waste rates.
The budget document shows those Solid Waste rate increases are projected to generate $114,700, which would go toward equipment purchases for both the Solid Waste and Public Works departments.
What happened
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Approximately $270,000 in equipment will be financed through the GMA Master Lease, with repayment supported by Solid Waste rate increases.
Solid Waste rate increases will generate $114,700 to support equipment purchases for both Solid Waste and Public Works.
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