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Maricopa County approves short-term debt plan to fund $530 million in capital projects
Summary
The Board of Supervisors approved two short-term financings to support roughly $530 million in capital spending through FY 2029, using certificates of participation secured by county real estate and $200 million of pledged‑revenue obligations backed by state shared sales tax and vehicle license tax. Officials said repayment is expected within 1–3 years.
The Maricopa County Board of Supervisors on Wednesday approved a short‑term financing package to fund about $530 million in capital projects through fiscal year 2029.
County Chief Financial Officer Mike McGee told the board the county plans two issuances: certificates of participation secured by pledged real estate (the South Court Tower) and a $200 million pledged‑revenue obligation backed by state shared sales tax, including vehicle license tax revenues. “We’re looking at short…
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