The City Council will hold a workshop at 3 pm, Tuesday, February 24 at City Council Chambers to review the city's debt. The presentation can be found here: http://agendas.georgetown.org/AttachmentViewer.aspx?AttachmentID=14980&ItemID=9567
The entire presentation seems to be justification for the City to take on more debt! The presentation also focuses on the benefits to the city as opposed to the impact on the city voter and property taxpayer.
The presentation is cleverly broken down to several different types of debt and the total debt obligation is never revealed. It seems it is left as an exercise to the reader to perform the necessary addition to ascertain the total debt.
A follow up post will fill in the gaps, perform some of the arithmetic, and expose the long-term trends. A metric taken from Governor Abbott will also be proposed as a guide for the City Council to use in burdening the citizens of Georgetown with more debt.
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