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Council hears introduction to general obligation bond plan and opens discussion on debt restructuring amid pending state changes
Summary
County staff introduced a proposed general obligation bond issuance and council members discussed whether to seek an outside audit or financial review to prepare for expected state-level changes (referred to in the meeting as SB1).
Johnson County received an introductory presentation on a proposed general obligation bond issuance and held an extended discussion about the county’s debt structure and planning for anticipated state policy changes. The council did not vote on the bond issuance at the Sept. 8 meeting; a formal vote is scheduled for October.
Barb Davis, county administrator, said the general-obligation bond…
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