Township Council Meeting — Packet

The State of the Township’s Debt! • The Township’s net debt as of 2024 is over $171 million! • Net debt has increased by 56% over the last five years! • Payment of debt is 12.5% of the budget! • The Township, recognizing that allowing the debt to increase exponentially places a financial burden on the residents, has developed a long-term debt management plan that will guide this and future councils’ capital planning. 2