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Adams County explores income-tax options to finance proposed $32 million judicial center
Summary
A county-finance presentation showed a roughly $2.7 million annual debt-service estimate for a $32 million judicial center and outlined alternatives to a property-tax referendum, including using local income taxes (COIT/CEDIT); commissioners asked staff to run more scenarios and check reallocations of existing income-tax revenues.
County finance staff and an outside analyst presented illustrative financing scenarios for a proposed judicial center and described options to avoid a property-tax referendum.
Mark, who presented Baker Tilly’s illustrative analysis, said the firm ran two scenarios and estimated that financing a $32 million project over 20 years would produce annual debt service of roughly $2.7–$2.8 million under current market conditions. "So that's what your mortgage payment would be," Mark said, summarizing the estimated annual debt-service obligation for the larger-scope scenario.
Mark and staff explained state rules that trigger a voter referendum if the county uses property-tax revenue for debt service…
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