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Potter County approves ordinance authorizing up to $4.6 million in bonds for reassessment and capital projects
Summary
The Potter County Commissioners on March 19, 2026 adopted Ordinance 1 of 2026 authorizing nonelectoral general obligation bonds projected at $4.6 million to fund a reassessment (about $1.7 million) and capital improvements; DCED approval is expected in roughly 20 days and county staff say there is no budget impact until 2028.
Potter County Commissioners voted March 19, 2026 to adopt Ordinance 1 of 2026, authorizing the issuance of nonelectoral general obligation bonds to fund a property reassessment and a package of capital improvements.
Jennifer Caron, bond attorney with Eckert Seamans, told the commissioners the financing has been properly advertised and described the planned issuance as “parameter debt,” which she said does not require voter approval. Caron said the county expects approval from the Pennsylvania Department of Community and Economic Development in about 20 days.
Jay Wenger of RBC Capital Markets described the plan as the first step in a 20-year debt service schedule and said the county will not see a budget impact until 2028. Commissioners were told the draft financing anticipates roughly $1.7 million for reassessment work, with the remaining proceeds allocated to capital projects including windows, boilers, front entrance upgrades, jail and courthouse work, and a contingency fund. Commissioners were given a total projected borrowing figure of $4.6 million.
Commissioner Robert Rossman moved to approve the ordinance; Commissioner Nancy Grupp seconded. The vote recorded: Rossman yes; Grupp yes; Paul Heimel yes. The ordinance was adopted.
The ordinance's adoption allows county staff to move forward with debt preparations pending DCED approval and final bond pricing. The county will return with final documents and a timeline for issuance once state approval and underwriting steps are complete.
