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Committee reviews debt-service profile and capital plan; $25M justice complex flagged as major risk
Summary
Budget presenter reviewed the county's debt profile, bond call dates and the capital plan, warning that a proposed $25 million justice-complex redevelopment and other large projects could push the county negative without secured city contributions or adjusted timing.
Unidentified Speaker 1 gave an overview of the county's debt-service and capital plan, telling the committee the county holds strong ratings on some sales-tax revenue bonds and that call dates and refunding opportunities are limited in the near term. "You have triple A rating on your S and P bonds for the crossover refunding sales tax revenue...Very good interest rate," Speaker 1 said.
The presenter reviewed outstanding balances and projected debt-service payments (transcript reports "total payments in debt service will be 7.2," and cites outstanding principal…
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