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St. Mary’s County officials begin review of capital improvements, warn bond requests may need trimming
Summary
County finance staff opened a series of capital improvement program (CIP) discussions on unsold bond authority, cash-flow timing and a planned spring bond sale, and told commissioners they will return Dec. 17 with updated cash flows and debt-capacity scenarios.
St. Mary’s County finance staff and department leaders spent an extended work session reviewing the county’s capital improvement plan and bond authority, and flagged a need to match borrowing requests to realistic project spending timetables.
The session opened with Chief Financial Officer (CFO) Mr. Cudmore outlining the agenda and a one‑page spreadsheet showing current CIP balances, changes from the last year and newly requested projects. Finance staff told commissioners that roughly $15.4 million currently sits in the county’s CIP reserve accounts and that about $23.2 million of bond authority has been requested but not yet sold.
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