County debt-service asking rises amid increased principal and interest costs
Officials said the proposed FY2027 debt-service tax asking would be roughly 12.9% higher—about $2.6 million more—driven by about $3 million in additional principal retirement and higher interest costs; the county also used reserves this year to retire loans.
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At the March 25 public hearing, Finance Director Dana Aschenbrenner said the county’s debt-service tax asking for fiscal 2027 is proposed to increase about 12.9%, an estimated $2.6 million rise to roughly $22.5 million. Aschenbrenner attributed the increase to higher loan principal retirement and rising interest costs: "the increase in fiscal year 27 proposed debt service tax askings is due to about $3,000,000 more for loan principal retirement costs and interest cost increases of 125,000 when compared to the original budget for this current fiscal year," he said.
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