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City Debt

As of the 2022/2023 fiscal year, the City had approximately $3.2 million dollars in total outstanding debt. This estimate will change as the city continues to pay for the bonds over the life of the loan.

Historical Issuance as of January, 2023.
SERIES ORIGINAL AMOUNT OUTSTANDING AMOUNT(S) PURPOSE
1991 GO Bonds $325,000 $ 0 Water system improvements
2000 Combo CO's $2,285,000 $ 0 Water supply/collection system;rehab wastewater collection system
2005 Combo CO's $1,550,000 $ 0 Water, sewer, street improvements
2007 Tax Notes $435,000 $ 0 Complete construction of elevated water tank
2007 GO Refunding $2,085,000 $ 0 Refunded 1991 ($120,000) and 2000 CO ($1,745,000)
2010 Tax Notes $580,000 $ 0 Improvements to water works and sanitary sewer system
2016 GO Refunding $1,617,000 $577,000 Refunded 2007 GO Refunding
2017 Tax Notes $699,000 $146,000 City Hall renovations, auto meter readers, outdoor warning sires, water/wastewater system improvements, remove asbestos and demolish Old City Hall
2019 GO Bonds $2,620,000 $2,475,000 Water and sewer system improvements
TOTAL(S)   $3,198,000