Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Westmoreland County boards endorse testing market for joint $18.5 million capital plan
Summary
A Davenport financial review found Westmoreland County is "structurally balanced" and recommended a three‑part financing approach and a $2.6 million capital reserve to cover near‑term school and county projects totaling roughly $18.5 million; boards authorized staff to issue RFPs to test financing options.
David Rose of Davenport told a joint meeting of the Westmoreland County Board of Supervisors and the Westmoreland County School Board that the county’s finances are in strong shape and presented a three‑part plan to fund near‑term capital needs.
"This County by virtue of the actions that have been taken by the board of supervisors is structurally balanced," Rose said, summarizing Davenport’s executive findings and noting the county holds two AA credit ratings. He said preliminary, pre‑audit results for fiscal 2025 are expected to add about $1,000,000 to the unassigned (rainy‑day) fund balance.
Why it matters: Davenport identified roughly $12.5 million of long‑term needs and about $6 million of short‑term assets across county…
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
