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Debt presentation shows $50.2M outstanding, $133M remaining statutory debt capacity; nonreferendum bonds extend payments through 2035
Summary
An outside debt advisor told the board the district has $50,165,000 in principal outstanding, a statutory debt limit leaving about $133 million of capacity, and recently issued nonreferendum bonds that keep annual debt service low for taxpayers.
Elizabeth Hennessy, joining the meeting by telephone, told the board the district’s outstanding principal and statutory debt capacity leave room for future nonreferendum borrowing while keeping annual debt-service payments modest.
Hennessy said the district had $50,165,000 of principal outstanding and a statutory debt limit of about $183 million, leaving a net debt limit of roughly $133 million — about 72% of capacity still available.…
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