Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Comptroller report: 300 IDB debt issues statewide; Memphis EDGE 2017d bond series reported in default
Summary
The Comptroller's Office presented its fiscal-year 2024 annual report on industrial development board (IDB) debt and a notice of monetary default involving the Memphis EDGE’s 2017 Graceland bond series. The report showed 300 active debt issues statewide and that Nashville’s IDB holds the largest outstanding balance, about $811 million.
Steve Osborne, assistant director for local government finance in the Comptroller of the Treasury’s office, presented the fiscal-year 2024 annual report on industrial development board (IDB) debt and a separate notice of default by the Memphis EDGE.
Osborne said the FY24 IDB report — the sixth annual IDB debt report from the Comptroller’s Office — showed that 94 of the 95 counties have active IDBs, with 300 total debt issues: 208 conduit debt issues (debt repaid by…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
