Township Council Meeting — Packet

Debt Management Plan Goals: • Continue to pay down outstanding debt thereby reducing the related debt services over time • Look to take advantage of lower interest rates, when possible, to permanently finance outstanding notes, thereby reducing interest rate risk • Over time, replace borrowing with “pay-as-you-go” funding using cash rather than credit for capital investment • Carefully manage capital spending with strategic planning to build “pay-go” capability • Achieve strategic success by freeing up millions of debt service dollars annually to support operations, capital investment, and when possible, return value to the taxpayers through increased usage of surplus rather than taxation. 3