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Finance director outlines three community campus financing scenarios and projected homeowner impacts
Summary
Bill (finance director) presented $65M, $85M and $110M financing scenarios for a proposed community campus and three strategies to mitigate tax impacts, projecting examples such as a one‑time ~$173 increase on the median home in the largest scenario and smaller annual impacts in the lower scenarios.
At a Committee of the Whole session held within the Jan. 20 council meeting, the city’s finance director presented conceptual financing scenarios for a potential community campus project and explained three strategies intended to limit taxpayer impact: (1) layer new debt as older facility debt is paid down; (2) structure 2026 capital borrowing to front‑load principal payments and reduce interest expense; and (3) use the closure of TID 3 to increase the city’s…
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