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Council reviews enterprise fund debts, sewer bonds and aging substations in five-year plan
Summary
Councilors reviewed enterprise fund projections showing existing and planned debt, a $9 million sewer bond exposure, parking-lot and kiosk expenses and the need to replace aging electric substations; staff said some capital projects and borrowing would increase debt service and will be analyzed further with department leads.
Plattsburgh councilors reviewed enterprise fund forecasts and capital needs that could affect the city’s five‑year financial picture.
Staff said the sewer fund currently carries about $9 million in outstanding bonds and that anticipated costs for sewer projects will put pressure on the fund once projects and associated borrowing are established. Councilors asked whether the five-year projections reflect future sewer projects;…
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