Page 97 - Hurst FY19 Approved Budget
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3. An analysis will be prepared for each long term financing activity that shows the
impact on current and future budgets for debt service and General Fund Operations.
4. Debt capacity will be calculated annually. New debt will be issued only when
sufficient capacity exists under existing tax rates or when voters or the City Council
approve an increase in the tax rate to service new debt.
This policy and planned debt issuances will continue to be addressed in the City Council’s
annual Strategic Planning meeting held in March each year.
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