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Board hears debt-service schedule and budget calendar; homestead/farmstead March 1 homeowner deadline noted
Summary
Finance presenter outlined roughly $4.8 million in debt service for two bond series and noted PlanCon reimbursement will provide about $596,000; she also reviewed key budget dates including the March 1 homestead/farmstead county deadline and June 30 final budget adoption deadline.
Donna Lince told the board the district’s two bond series (2017 and 2023) carry combined principal and interest payments of about $4.8 million for the coming year. She also said the district will budget a PlanCon reimbursement—approximately $596,000—on the 2017 series that will offset some debt costs.
Lince reviewed the budget calendar: homestead/farmstead applications must be filed with the county by March 1 for primary residences; the board previously adopted a resolution to stay within the tax index because the district accepted adequacy money; proposed final budget approval is targeted for early May and final adoption no later than June 30.
