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Georgetown staff outline $943 million in outstanding debt, plan $169 million in 2025 issuances
Summary
Assistant Finance Director Nathan Parris reviewed the city’s debt portfolio, types of debt, bond ratings, coverage ratios and draft issuance plans for 2025. Financial advisor Jennifer Ritter gave a short interest-rate outlook.
Assistant Finance Director Nathan Parris told the City of Georgetown City Council that the city’s outstanding principal across its portfolio is about $943,000,000 and previewed proposed debt issuances for 2025.
The presentation summarized the city’s types of debt, how the city times and finances projects, bond ratings and coverage ratios, and projected 2025 issuance amounts for tax-supported and utility debt. Parris said the presentation is intended as an overview and that staff will return to council with more detailed modeling and recommendations before issuing debt.
Parris said the city uses multiple debt types depending on the asset: “a vehicle is going to be something that we may finance depending on the type of vehicle at 5, 8, 10 years,” while larger…
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