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Phenix City officials report strong reserves but cite large self‑supported debt and paydown history
Summary
City staff presented debt figures and reserve metrics, saying roughly $47 million of debt is self‑supported, general debt sits near $46 million, and the city holds the equivalent of about 494 days of operating reserves; some numeric statements in the remarks were unclear in the transcript.
Phenix City staff told the City Council the municipality holds strong cash reserves while carrying both general and self‑supported debt.
A staff speaker described $47,000,000 in self‑supported debt and said the city’s general debt is about $46,000,000. Staff also said the city’s operating cash position equates to…
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