Baker Tilly outlines GO bond scenarios; councilor proposes LIT changes
Baker Tilly presented illustrative general obligation bond scenarios including a $2.7 million principal example; Councilor Danny Short said he will draft a proposal and suggested altering LIT distributions, prompting questions about impacts on schools.
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Jason Semler of Baker Tilly presented illustrative General Obligation bond scenarios, including an example $2,700,000 principal amount and comparisons of amortization and annual debt service. The presentation included illustrative amortization schedules and referenced an outstanding $535,000 principal amount from a 2022 issue.
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