OUTSOURCING OR SELLING COUNTY DEBT

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

This legislative item, File Number 261102, concerns a report on the feasibility of outsourcing or selling County debt. The report, introduced on 6/15/2026 and scheduled for the Board of County Commissioners agenda on 7/21/2026, analyzes the potential sale of approximately $41 million of Miami-Dade County's outstanding debt, which totals about $525 million as of July 29, 2025. The debt includes non-citation items like emergency medical services and utility billing, as well as citation-related debt. The recommendation is to consider selling a portion of the debt portfolio to generate cash flow, with specific criteria to minimize risk. The report notes that selling citation-related debt is not recommended due to compliance requirements and the need for constituent assistance. Potential buyers and market conditions are discussed, along with legal implications under Florida law and the Fair Debt Collection Practices Act. The County has prior experience with outside collection agencies, with a list of potential providers provided. The report highlights that selling debt could provide short-term cash flow but would sever access to data and internal flexibility in managing constituent assistance and settlements. The Internal Compliance Department's Credit and Collection Section (CCS) is responsible for this analysis.