The following updates to the Finance Committee Policy FC-4, Debt Issuance and Management were recommended by the Board of Supervisors during the FY 2022 budget development process. This revision updates the maximum threshold for construction projects and acquisitions requiring a referendum, relative to the Middle School Renovation Plan agreement.
1. The maximum threshold is revised from $25 million to $36 million
2. The policy clarifies this threshold excludes bond issuance costs