City to pay off One Cent sales tax early!

Did you know the City should have the necessary funds available from the One Cent sales tax to cover all remaining eligible debt service payments by November 2021? The City will have the funds necessary to pay off the eligible debt roughly ten years before the expected ending date of September 30, 2031. 


"This is a tremendous accomplishment for our City! Over the last few years, we have seen steady growth in our sales tax bae. The support of our City towards local businesses has provided an environment for private enterprise to flourish as we have strategically entered into economic development initiatives. In addition, we have initiated numerous strategic debt calls over the last three years that have saved the City of Prattville approximately $2.16 million in interest expense," said Mayor Gillespie. #PrattvilleStrong