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Yavapai County work study explores bond options to fund $78 million in sample projects
Summary
Stifel representatives briefed the Yavapai County Board of Supervisors on financing tools — excise-tax pledged bonds, general obligation bonds and certificates of participation — showing scenarios for a hypothetical $78 million package and outlining a 10–12 week issuance timetable under ARS 11-3-91.
YAVAPAI COUNTY — The Board of Supervisors heard a staff-led work study presentation on municipal financing options Thursday as outside advisors outlined how the county might fund capital improvements without immediate tax increases.
Grant Hamill, managing director at Stifel, described the financing tools available to Arizona counties and walked supervisors through sample structures for streets, public safety, parks, water and administrative facilities. "These are the Arizona county financing options for traditional public infrastructure projects," Hamill said, listing revenue bonds, general obligation (GO) bonds, pledged-revenue (excise-tax-backed) bonds and special districts as typical vehicles.
Why it matters: The board is considering how to fund a multi-project capital program while limiting risk to property…
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