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Debt-service pressures grow as Auburn council reviews public safety facility costs
Summary
Finance staff laid out the city-only debt schedule and estimates for the upcoming year, noting the arena's operating profit historically offsets roughly 20% of arena-related debt service and that the public safety facility project is coming in near $66 million total.
The Auburn City Council reviewed the city's debt-service schedule at its March 9 workshop, with finance staff explaining how enterprise operating transfers and bond schedules affect FY27. Finance Director Kelsey Earl walked the council through the city-only debt schedule and flagged an interest estimate that is included in the FY27 debt-service calculation.
Councilors asked…
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