OUTSOURCING OR SELLING COUNTY DEBT

Board of County Commissioners · 2026-07-21 · report

This legislative matter, File Number 261102, concerns a report on the feasibility of outsourcing or selling County debt. The report, introduced on 6/15/2026 and pending BCC assignment with an Agenda Date of 7/21/2026, analyzes the potential sale of outstanding County debt. As of July 29, 2025, the County had approximately $525 million in outstanding debt. The report identifies about $41 million (8%) of this debt as potentially suitable for sale to third-party collection agencies or receivables buyers, excluding citation-related debt and debt with compliance components or HIPAA considerations. The County Mayor's office recommends considering the sale of a portion of the debt to generate cash flow, with specific criteria to minimize risk. The report notes past experiences with outside collection agencies and discusses legal implications under Florida law and federal acts like FDCPA and FCCPA. The sale of receivables could affect departmental budgets and the ability to provide direct constituent assistance. The report is a response to Resolution R-785-25, sponsored by Commissioner Danielle Cohen Higgins.