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Commission hears updated revenue forecast; limited-obligation bond will add roughly $5M annual debt service
Summary
County finance staff told the School Capital Fund Commission that updated January sales-tax receipts raise the fiscal-year sales-tax revenue estimate to about $30.2M; staff also said a proposed 2026 limited-obligation bond issuance is modeled to add roughly $5 million per year in debt service and extend obligations through 2046.
County finance staff presented an updated revenue and expenditure outlook to the School Capital Fund Commission, including a sales-tax revenue revision and the modeled impact of a 2026 limited-obligation bond issuance.
Carrie (speaker 3) told the commission that the only major change since the March forecast was receipt of an additional month of Article 39 sales-tax revenue (January). She said the fund is now…
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