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Committee reviews near‑term $113M in CIP needs and $74M potential financing gap after using existing bond proceeds
Summary
County staff summarized near‑term capital improvement projects totaling about $113.2 million and said $46 million remains from the 2021 general obligation referendum; using those proceeds would leave roughly $74 million in additional financing needs, with staff weighing general‑obligation bonds, subject‑to‑appropriation pool financings, and debt‑service scenarios.
Committee members reviewed a near‑term capital plan staff estimated at roughly $113.2 million and discussed how to pay for it after using existing bond proceeds.
A supervisor told the committee, "We have $46,000,000 out of the original $96,000,000, which was approved by referendum," and outlined project cost estimates: about $20,000,000 for a CTE addition, roughly $12,800,000 for a new fire station, about $4,100,000 for an emergency communications tower, and a courthouse estimate cited near $56,300,000. After adding a…
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