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 |