About a year and half ago the new Coffee County jail opened in Manchester. The county borrowed $22 million from the United States Department of Agriculture (USDA) in August 2014 to build the needed jail. It now looks like the county will save $2.8 million by refinancing the debt. The Coffee County Budget and Finance Committee recently voted to approve the plan. The refinancing of the debt is expected to save the $2.8 million, according to C.L. Overman of Cumberland Securities.
Refinancing of the debt is subject to approval by members of the Coffee County Full Commission, who will meet on Sept. 13.
Money to be Saved on Jail Debt
