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Finance committee recommends debt-service budget as submitted
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Summary
Committee members discussed prepayment options and funding sources for debt-service but lacked exact cost estimates; absent final numbers they voted 5-0 to recommend the debt-service budget as submitted to the full assembly.
The Barnstable County Finance Committee recommended approval of the debt-service portion of the FY2027 budget after discussing potential prepayment options and where prepayment funding would come from.
Director Coppola reported she had asked the county financial adviser whether prepaying debt would create additional costs but had not received a definitive answer by the meeting: "I did hear from the county's financial adviser this morning that she would have to get back to me on the if there was any additional cost," Coppola said. Committee members expressed reluctance to tap stabilization or reserve funds without clearer information on net benefit and timing.
Given the lack of a final figure about prepayment costs, Delegate Friesel moved that the committee recommend approval of the debt-service budget as submitted; the motion passed by roll call 5-0. Members said they would revisit prepayment only when the adviser could provide clear numbers and the committee had time to consider impacts on reserves.
