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Public Building Commission reports $255.7 million net position, explains bond lease-back model
Summary
Becky Jones presented the semiannual Public Building Commission financial report showing a net position of $255.7 million, explained that 62% of financed buildings are public-safety projects covered by a sales tax, and described why the PBC issues bonds and leases buildings back to the county.
Becky Jones, financial management and administration staff, told the Board of County Commissioners sitting as the Public Building Commission that the PBC's statement of net position shows a net position of $255,700,000 for the period ending June 30, 2025.
"The public building commission is the mechanism in which by the county constructs and improves buildings by issuing bonds. The PBC then leases those buildings back to the county," Jones said, explaining the lease payments are used to fund debt service on outstanding bonds. She told…
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