Consultant presents draft financial management plan; board receives and places it on file Baird consultant Adam Bridal presented a draft financial management plan outlining debt types, Moody's AA2 rating factors, fund-balance targets, and modeled impacts of potential capital projects (public works facility, new public safety building). The board voted to receive the plan and place it on file.

The Village Board is gearing up for major changes, with a draft financial management plan revealing potential investments in public safety and infrastructure worth over $60 million!

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#AshwaubenonBrownCounty #WI #CitizenPortal #CapitalProjects #PublicSafety #MunicipalDebt

US Airports Issue Record $24B Municipal Debt for Infrastructure Upgrades In 2025, US airports borrowed $24 billion in municipal debt to modernize terminals and expand capacity amid rising passenger volumes.

US airports hit a record $24B in municipal debt in 2025 to fund terminal expansions and upgrades. Key hubs like JFK, DFW, ORD, and ATL lead the effort amid rising travel demand. #USAirports #MunicipalDebt #AirportInfrastructure
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Virginia City reviews debt strategy after S&P downgrade and launches long-term planning Council heard from municipal advisors Baker Tilly and underwriter Northland Securities on how different debt structures and market choices affect the city's credit profile; consultants outlined options and Baker Tilly said it will deliver a multi-year financial model with policy recommendations.

Virginia City is grappling with a recent credit rating downgrade, prompting urgent discussions on how to stabilize its financial future and manage its debt effectively.

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#VirginiaCityLouisCounty #MN #CitizenPortal #MunicipalDebt #CreditRating #FinancialPlanning

Council reviews LTGO refunding, investment policy change and refinancing of balloon payments totaling about $6.66 million Staff briefed measures to refinance upcoming debt maturities, increase internal loan cap in the investment policy from 15% to 20%, and refinance a group of balloon payments totaling $6,661,000 tied to prior capital projects.

Spokane's finance team is tackling $6.66 million in balloon payments and proposing bold changes to the city's investment policy—could this reshape our financial future?

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#SpokaneSpokaneCounty #WA #CitizenPortal #MunicipalDebt #InvestmentPolicy #SpokaneFinance #CapitalFinancing

Municipalities owe Govt over N$80m   Justicia Shipena The Namibian government is sitting on billions in unpaid loans from municipalities, towns, villages, and public enterprises.  An auditor general’s latest report shows that local authorities and state entities continue to default on loans, deepening the country’s financial strain.  By March 2024, municipalities alone owed the government N$34.3 million in loan capital and a staggering N$46.3 million in interest arrears.  Tsumeb municipality  had the highest debt, with N$10 million in unpaid capital and N$29.8 million in arrears. Mariental followed with N$3.5 million in capital and N$2.7 million in arrears.  Keetmanshoop owed N$2.5 million in capital and N$2.1 million in arrears, while Swakopmund owed more than N$1.6 million. Towns and villages have not fared better The report states that Lüderitz owes N$8.3 million in loan capital and N$18.4 million in arrears, while Maltahöhe owes N$1.2 million in capital and N$2.3 million in arrears.  Smaller towns such as Aranos, Bethanie, and Koes continue to carry debts with arrears ranging from hundreds of thousands to over N$800,000.  In total, towns and villages owe N$13.5 million in capital and nearly N$28 million in arrears.  According to Auditor General Junias Kandjeke, public enterprises and non-profit organisations also remain in debt.  Windhoek International School has failed to make any repayments on its loan, leaving a balance of N$16.9 million.  The troubled Namibia Meat Corporation (Meatco), which previously received government funding for its meat factory, continues to show an unresolved overpayment of N$5,581 dating back to 2003 and 2004. Kandjeke in his report also indicated that government debt is also on the rise.  The ministry of finance manages billions in on-lending loans to entities such as NamWater, the pension fund, and housing projects.  By March 2024, these loans stood at N$558.9 million, with arrears climbing to more than N$406 million.  Funds returned to state coffers  At the same time, several ministries did not utilise the funds allocated to them, despite urgent service delivery challenges.  The report found that 29 government institutions underspent their budgets by a combined N$1.418 billion, which amounts to 1.96% of the national budget for 2023/24. The ministry of works and transport, left N$94.8 million unspent , representing 15% of its allocation.  The ministry of labour returned N$30.8 million, or 14% of its budget, while the ministry of mines and energy left N$20.8 million unspent, close to 10% of its allocation.  The ministry of information and communication technology underspent by N$43.4 million, and the ministry of water by N$47.3 million. Furthermore, the report also revealed that the ministry of health and social services underspent by N$41.2 million, while the ministry of home affairs, which has faced widespread criticism over passport and ID delays, left N$226 million unspent.  Kandjeke also noted that the state revenue fund, which serves as the government’s main account, recorded a deficit of N$5.2 billion by March 2024, more than double the N$1.9 billion deficit recorded the previous year.  He said the bulk of revenue came from tax collections of N$74.6 billion, followed by N$6.7 billion in non-tax revenue and N$64.4 billion from domestic borrowings, with an additional N$1.4 billion raised through foreign loans.  Despite these inflows, he said total expenditure reached N$144.2 billion, with N$67.8 billion spent on operations and N$5.8 billion on development projects.

#Namibia #MunicipalDebt #GovernmentLoans #FinancialStrain #LocalAuthorities

David Goldman explains Oak Harbor's municipal debt types and limits Goldman outlines general obligation and revenue debt structures for Oak Harbor as of February 2025.

Oak Harbor's financial future is being shaped by strategic debt management, with over $75 million in potential borrowing capacity on the horizon!

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#OakHarborIslandCounty #WA #CitizenPortal #OakHarborFinance #MunicipalDebt #FinancialStability #DebtAffordability

David Goldman explains Oak Harbor's municipal debt types and capacity limits Goldman outlines city's debt types, capacities, and policies for responsible debt issuance.

Oak Harbor City officials revealed key insights into their municipal debt strategy, showcasing a robust capacity to fund vital services while maintaining financial health.

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#OakHarborIslandCounty #WA #FinancialStrategies #CitizenPortal #OakHarborFinance #MunicipalDebt

South Africa: Committee Received Briefings on Interventions to Address the Escalating Municipal Electricity Debt   As part of its week-long oversight to Gauteng, the Portfolio Committee on Electricity and Energy held a meeting that brought together key stakeholders which included Eskom, National Treasury, the...

#SouthAfrica #ElectricityDebt #Eskom #MunicipalDebt #EnergyPolicy