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The committee reviewed a recommended capital plan with $92.246 million in total requests and $71.859 million in planned borrowing, while projected debt-policy guidelines turn unfavorable in later years. Officials said the statutory debt limit remains within compliance, and identified higher capital tax levies, narrower project scopes, and longer debt maturities as possible ways to reduce future pressure.
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The committee did not adopt a new debt or fund-balance policy, but it reviewed corrections to the 10-year capital model and discussed how rising costs could affect future borrowing. The review identified $3.8 million in B-fund closeouts and $1.9 million in Z-fund closeouts for transfer to the capital non-recurring account. Members also called for sensitivity testing using assumptions such as 4–5% annual construction-cost escalation, interest rates, inflation, and project scope.
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