Page 267 - Ord 866 Adopting a revised Fiscal Year 17-18 and new proposed Fiscal Year 18-19 budget

Fund Debt Service Fund

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non-property tax revenue supported)

This section provides a summary of the annual

principal and interest payments for all outstanding

bonded debt and capital leases.

The Town’s debt is funded through dedicated,

self-supporting revenue streams such as

sales tax revenues.

The Town issues general obligation bonds and

certificates of obligation to provide for the

acquisition and construction of major capital

facilities and infrastructure.

253