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Committee approves debt-management framework separating capital, general and enterprise funds
Budget and Finance Committee · April 6, 2026
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Summary
Committee members approved a debt-management policy that divides borrowing rules into three buckets — the 18.75 capital fund, a 15% general-fund limit, and the water/sewer enterprise fund — and required rates to support any enterprise borrowing.
The Budget and Finance Committee on Wednesday recommended a revised debt-management policy that divides borrowing guidance into three distinct categories and requires evidence that rates and cash flow can support debt payments.
Miss Holden explained the approach: she said she…
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