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Tampa CFO and advisors outline $1.2B+ borrowing capacity, warn of tax‑exempt risk and urge caution
Summary
The city’s finance team and municipal advisors briefed council on current debt, upcoming planned issuances and potential capacity — and flagged two key risks: a proposal in Washington to curtail tax‑exempt financing and uncertainty in projected revenues used for a proposed community investment tax renewal.
Tampa — The city’s chief financial officer and outside municipal advisors gave a detailed briefing on the city’s current debt profile, near‑term financing plans and theoretical borrowing capacity — and cautioned that federal policy and revenue uncertainty could change the calculus.
Dennis Rojero, the city’s CFO, and municipal advisors from Ford & Associates and Public Resources Advisory Group presented what they described as a conservative plan for potential non‑ad valorem and enterprise issuance. The briefing summarized outstanding principal and projected principal‑and‑interest payments, and showed a potential future issuance plan that staff described as illustrative and not prescriptive.
Key figures presented include roughly $1.37 billion in outstanding principal (across governmental and enterprise funds as of late 2024) and total…
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