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Nolensville reviews fund-balance policy, warns general fund debt capped at 15%
Summary
Town staff presented the annual debt and financial policy review, highlighting a 15% cap on general-fund‑backed debt, discussion of the fund-balance threshold (currently 75–100%), and options to lower the target to about 50% tied to capital priorities.
Town of Nolensville officials reviewed the town's annual debt and financial policy at their February work session, focusing on the fund-balance threshold and a 15% cap on general‑fund debt service.
The discussion matters because the town is planning capital projects that could change which obligations are paid from the general fund and therefore count against the cap. Christina, a town finance staff member, told the board the policy limits general‑fund‑obligation debt to no more than 15% of the general fund’s anticipated revenues in a budget year and that the only current general‑fund debt is a $100,000…
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