Debt Service Schedule

  • The chart on the link below illustrates how our existing debt will be phased out while new debt from the referendum proceeds will be phased in over the first eight years of the project referendum. The maximum rate will not be realized until 2027 when all previous debt is retired. With this debt falling off and the new debt being phased in, the maximum rate will not hit until 2027, and it should remain fairly steady over the duration of bond pay back.
     
    This is why other calculators may be showing a different increase, as they are not taking into account the debt we have falling off or the tiered repayment schedule.