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Adams County debt advisers outline COP capacity; assessor data and state law will alter property‑tax outlook
Summary
Piper Sandler advised the board on certificates of participation (COP) capacity, saying the county could borrow hundreds of millions at current rates; staff also presented the assessor's preliminary certification and explained how House Bill 24B1001 will reduce assessed‑value growth in 2027, requiring a two‑year budgeting outlook.
Adams County’s independent municipal adviser told the Board of County Commissioners the county has room to issue certificates of participation (COPs) but interest‑rate moves and policy changes make borrowing decisions time‑sensitive.
Robin Moore of Piper Sandler gave commissioners a capacity analysis for COP financing and said, based on the county’s current finances and today’s market rates, the combined COP capacity across applicable funds is in the hundreds of millions of dollars. Moore cautioned that the capacity estimate is sensitive to interest‑rate moves: a 50‑basis‑point rise in rates materially lowers how much the county can prudently borrow.
Key takeaways from the debt briefing: - COP capacity: Piper Sandler…
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