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Committee reviews three financing options for proposed justice center; legislation seen as likeliest path
Summary
Monroe County's Long‑Term Finance Planning Committee spent its August meeting reviewing three financing pathways to pay for a proposed justice center project the presenters estimated at about $225 million.
Monroe County's Long‑Term Finance Planning Committee spent its August meeting reviewing three financing pathways to pay for a proposed justice center project the presenters estimated at about $225 million. Presenters said options under current law will not fully fund the project and that legislative change is the most plausible way to obtain long‑term Local Income Tax (LIT)/EDIT authority large enough to cover the debt service.
The options presented - Option 1: Lease financing payable from property taxes. County presenters said financing the full $225 million with this route would require roughly…
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