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Washington County lowers 2025 bond issue by $1 million after water, sewer project review
Summary
County finance staff asked the commissioners to reduce the planned 2025 bond issuance by $1,000,000 after reevaluating the readiness of several water and sewer projects; the board approved the budget adjustment on a unanimous voice vote.
Washington County commissioners voted to reduce the county’s planned 2025 bond issue by $1,000,000, Chief Financial Officer Kelsey Mace told the board.
Kelsey Mace, chief financial officer, said staff “met and reevaluated some of the water and sewer projects and it was determined that they are not at the point at this time that we should issue bonds for them.” The requested action was a budget adjustment to reduce the 2025 bond issue by $1,000,000.
Commissioners approved the adjustment by voice vote; the clerk recorded the outcome as in favor, 5-0.
Why it matters: The change postpones borrowing for projects county staff judged not ready for bond financing. Reducing the bond issue affects the county’s capital financing plan and may alter the timing of project work, contractor procurement and related budget planning.
County staff did not provide a public timeline in the meeting for when the deferred water and sewer projects will be ready for borrowing, or whether the projects will be re-scoped or delayed. The motion to approve was made and seconded in the meeting record and passed by unanimous voice vote.
