30-26 CY 2026 Debt Presentation Plan.pdf

Current Debt Profile • The Township’s Statutory Net Debt is approximately $170 million. This includes: • $54 million of long-term, fixed rate bonds • $11.4 million of bond anticipation notes (“BANs”) coming due in March 2026 • $62.7 million of BANs coming due in November 2026 • $3.3 million of special emergency notes (“SENs”) coming due in November 2026 • $38 million of authorized but not issued debt (includes JMEU authorizations) • $700k of NJIB loans (JMEU) • For 2025, debt service and deferred charges (SENs) combined for $13.5 million, or 12.5% of the total budget. • There are large drops in aggregate debt service in 2029 and 2038. • The Township’s current bond rating is “AA” (3rd highest) by S&P Global and was last affirmed in October 2025. A bond rating is similar to a resident’s credit score, as it impacts their cost to borrow. • The CFO and Phoenix review the outstanding debt annually to make sure the debt is managed in the most cost-effective way possible given market conditions, future debt authorizations, budgetary concerns and current capital needs. 7