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Commissioner says proposed bond issuance would raise city debt ratio to about 10.41%
Summary
Commissioner Hensley told council the planned bond issuance would bring the city's debt ratio to about 10.41%; he said the city hall lease payments are structured so they likely won't be fully counted against the 10% target until fiscal 2029, and forecast that the ratio could fall below 9% then depending on revenue growth and future issuances.
Councilmember Savigny asked Commissioner Hensley during the Jan. 13 work session about the city's upcoming bond issuance and how it affects the council's 10% debt target. Hensley said the issuance would bring the debt ratio to approximately 10.41% based on current revenue projections…
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