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Sarasota reviews debt portfolio; utility financing planned for Venice Gardens treatment plant
Summary
Public financial advisors told the county the debt portfolio remains strong and that staff plans a large utility financing for the Venice Gardens alternative water treatment plant, while monitoring refunding windows for potential savings.
Jay Glover, managing director at Public Financial Management (PFM), presented the county’s debt portfolio review at the May 21 workshop and highlighted credit strengths, recent financing history and planned financings.
Glover said Sarasota County’s outstanding debt is split roughly half to enterprise funds (utility and solid waste) and half to general capital projects. The county’s general obligation rating is the top category cited; other revenue bonds, including the capital improvement revenue bonds secured by the local half‑cent infrastructure sales tax, carry strong double‑A…
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