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Bethlehem proposes $22M four‑year capital plan paid from reserves and Act 42 receipts to avoid new debt
Summary
Finance staff outlined a four‑year $22 million capital plan they say can be funded without issuing new bonds by using a $10.7M capital reserve escrow, roughly $11.3M in cash balances and recurring Act 42 host‑fee receipts (~$1.5M/year). Officials said avoiding debt would save interest and shorten future debt service burdens.
City finance staff presented a proposal to fund a four‑year, $22 million non‑utility capital plan without issuing new bonds, using a combination of reserves, recurring gaming host‑fee receipts and accumulated cash balances.
Troy Evans said the administration built a capital reserve escrow account (about $10.7 million) from a series of non‑recurring and modest recurring receipts since 2021, including quarterly Act 42 host‑fee ACH payments that have averaged about $1.5 million in recent years. Evans proposed using those Act 42…
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