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County outlines 10‑year CIP with $351M in unfunded projects; recommends $162.3M in debt service for FY2027
Summary
Budget staff presented a 10‑year capital improvement plan and said unfunded projects total about $351 million (including a potential $200 million courthouse). The recommended FY2027 debt service was reported at approximately $162.3 million, a decrease from FY2026 largely because a hospitality bond payment ends.
Budget staff presented Richland County’s capital improvement plan (CIP) and debt‑service overview at the May 7 budget work session, stressing that the CIP is a planning document rather than a spending authorization.
Staff said the county has moved from a five‑year to a 10‑year CIP and that the capital millage (3.5 mills) and assigned fund balance are preserved for capital needs. Assigned capital fund balance was reported at about…
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