The Bulloch County government received a “very strong” credit rating and then, with the competitive bond sale Tuesday morning, about a $5.6 million break from the predicted 20-year cost of repaying bonds that net $61.6 million to build Phase 1 of the Bulloch County Jail expansion, according to Davenport & Company.

Christopher Holt, vice president of the company that provides financial advice to the county and other local governments, reported first to the three county commissioners who make up the Bulloch County Public Facilities Authority at a 5 p.m. Tuesday, Aug. 5, special meeting and then again to the entire elected Bulloch County Board of Commissioners during its 5:30 p.m. regular meeting.

The county had received initial credit ratings of Aa3 and AA- from the rating services Moody’s

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