This week we were reminded of the price tag on the latest round of proposed borrowing to be voted on by Arlingtonians this fall — $245 million.
As part of the latest briefing on the bonds, County Manager Schwartz reminded Board Members that the latest iteration of the 10-year capital spending plan would bump us up close to the 10 percent cap in annual debt service that is recommended to retain the highest bond ratings. It is projected to hit 9.9 percent to be exact.