Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Shenandoah County hears multiyear capital plan from Davenport, weighs debt and tax options
Summary
Davenport & Company presented Shenandoah County's multiyear capital and debt picture, showing $49 million outstanding debt and scenarios for increasing operating capital from $5M to $8M that would require financing or new revenue (roughly 1.8 pennies in FY27 under a financed scenario).
Ted Cole, a financial adviser with Davenport & Company, told the Shenandoah County Board of Supervisors on Feb. 10 that the county's existing tax-supported debt stands at about $49,000,000, split roughly into $13.7 million in operating-capital debt and $35 million in major-capital debt. Cole said the county's entire debt profile is fixed-rate and that scheduled step-downs in major-capital payments create future capacity for borrowing.
Cole explained how rating agencies evaluate local governments, saying economy and financial performance each account for about 30 percent of a credit assessment and that Shenandoah County is unrated only…
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
