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County cautions on bond timing as debt service and construction costs rise
Summary
County officials told a joint meeting they face rising debt-service obligations, slowing revenue growth and volatile construction pricing; staff urged caution on general‑obligation bond timing and stressed 'shovel‑readiness' to avoid multi‑million cost overruns.
County finance leaders told a joint session with Durham Public Schools on March 10 that a careful approach to any bond or financing plan is prudent because of rising debt service, flat sales‑tax receipts and erratic construction pricing.
Mr. Lane, the county’s budget staff, summarized the scale: debt service tied to the county’s CIP is projected to rise from about $131 million in 2026 to roughly $188 million by 2030. He and County Manager Hager warned that construction…
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