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Orange County approves $72 million spring financing, $52 million earmarked for schools
Summary
The Orange County Board of Commissioners approved a final financing resolution on May 20 to issue approximately $72 million in spring debt, with about $52 million directed to school projects; staff described amortization, bond-sizing adjustments and refinancing strategies to manage debt service metrics.
Orange County adopted a final financing resolution on May 20 to proceed with a spring borrowing of approximately $72 million, with about $52 million allocated to school projects.
At a meeting presentation, county finance staff (Mister Donaldson) said the board had previously advertised a not-to-exceed amount of $78 million to meet publication requirements and that the final project amount was now $72 million after reallocations. “The total project amount now is 72,000,000, with 52,000,000 going to schools,” Donaldson told commissioners, noting that some previously…
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