OUTSOURCING OR SELLING COUNTY DEBT

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

This is a report on the feasibility of outsourcing or selling County debt, not a development project. The report recommends the Board consider the sale of a portion, not its totality, of the outstanding debt portfolio to generate cash flow. As of July 29, 2025, the outstanding debt for County Departments was about $525 million, of which almost $41 million gross (8%) could be considered for sale to third-party collection agencies or receivables buyers. The other 92% is not recommended. The report was introduced on 6/15/2026, and the final action was Accepted on 7/21/2026. No specific street address, parcel, acreage, or zoning change is stated.