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Mayor flags long debt horizon; committee calls for capital asset plan
Summary
At the June 23 Legislative & Finance meeting, the mayor reviewed the city's debt schedule, noting no large debts retire until 2032, and the committee concluded the city needs a formal capital asset plan to coordinate future spending and priorities.
The mayor opened the June 23 Legislative & Finance Committee meeting with a review of Highland Heights' debt schedule and scenarios, saying, "No large debt comes off until 2032." Committee members and staff discussed alternative repayment scenarios and policy options to manage obligations through that long horizon.
Members agreed the city lacks a comprehensive capital asset plan and that one should be developed to align projects, debt capacity and maintenance priorities. The committee did not take a formal vote; discussion focused on planning steps and next information the committee would need to prioritize capital projects against the multiyear debt picture.
