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City presents debt and CIP outlook as council weighs downtown mall, parks and Riverview projects
Summary
City Manager Sam Sanders and budget staff presented an updated debt profile and a snapshot of the CIP at the March 20 meeting, framing long‑term borrowing and near‑term capital priorities for council discussion.
City Manager Sam Sanders and budget staff presented an updated debt profile and a snapshot of the capital‑improvement program (CIP) at the March 20 meeting, framing long‑term borrowing and near‑term capital priorities for council discussion ahead of next week's CIP work session.
Sanders said the city will carry roughly $191 million in outstanding debt at the end of the fiscal year and noted the current annual debt‑service payment is about $17.9 million, which he characterized as "just a little over 7% of the FY25 total general fund budget." The presentation showed the city's debt service and general‑fund…
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