Council members question long‑term debt impacts as capital plan grows
Council members pressed administration and the auditor on how growing capital plans and a rising debt load affect future borrowing and credit ratings; staff said much planned spending is utility‑funded and promised longer‑term projections.
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Council members pressed City staff about broader capital plans and the city’s rising debt load during the Feb. 3 Committee of the Whole — Finance meeting, asking how projected future issuances and the downtown project additions would affect debt service and creditworthiness.
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