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Work session flags possible 3.5‑mill debt service increase; staff estimates modest homeowner impact
Summary
Staff warned a worst‑case 3.5‑mill increase in the debt service levy could be required to meet bond and lease payments; staff gave illustrative tax impacts (e.g., $14/year on a $100,000 assessed home) and said the county auditor may have reserves to reduce the need.
County staff told the council the debt service fund revenue is expected to total about $1,028,813, an increase of $218,182, and said staff are recommending approval of a general‑obligation bond and a lease‑purchase to fund several capital needs. Because revenues are uncertain, staff illustrated a worst‑case scenario in which a 3.5‑mill increase in the debt service levy might be necessary to generate the…
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