Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Treasurer’s office says $50M a year in school bonding is feasible under CDAC guidance; JFO flags contingency and funding uncertainties
Summary
Treasurer’s office and the Joint Fiscal Office told the Appropriations Committee that a $50 million per‑year bonding assumption aligns with CDAC recommendations, but both emphasized modeling sensitivity to inflation, long‑term liabilities and outstanding policy choices tied to the bill.
The treasurer’s office told the House Appropriations Committee on April 14 that the Capital Debt Affordability Committee (CDAC) recommendation and treasurer’s modeling support roughly $50 million per year in new state bond authorizations for the biennium, but officials cautioned that the number is sensitive to project delivery capacity, inflation and the state’s broader long‑term liabilities.
Scott Baker, director of debt management at the treasurer’s office, presented CDAC scenarios and three debt metrics the committee tracks: debt per capita, debt as a percent of personal income, and debt service as a percent of revenues. CDAC’s biennial recommendation this cycle was $100 million for the biennium (about $50 million per year); the treasurer’s office ran additional scenarios that added $50 million and $100 million to…
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
