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Candidate says Junction City has cut housing-related debt and wants to shift dollars to infrastructure
Summary
Sammy Oswitz told listeners the city's debt tied to the 2008 housing situation has fallen from roughly $200 million to about $40 million and said paying it off in five years would free money for roads and public projects.
Sammy Oswitz said Junction City’s long-running housing-related debt — which he described as originating in 2008 — has been substantially reduced and that retiring the remaining obligation would allow renewed investment in infrastructure. "We started, I believe, with approximately $200 million of debt. And I believe we're down to about 40 million now, which will be tied off within the next 5 years," he said, framing debt reduction as a prerequisite for further capital work.
Oswitz tied those remarks to specific local priorities, saying that once debt is reduced the city can "continue investing in our infrastructure, our roads, our structures, our ordinances, our shelter" and complete public projects approved earlier in the year. He presented the figures as his understanding and did not provide supporting documents during the remarks.
