Finance Committee Meeting - October 2026

The October 15, 2026 Finance Committee meeting reviewed district finances and capital-project planning. The district reported approximately $175 million in cash, tax collections and earned-income-tax receipts ahead of plan, and an additional $2.2 million in assessed value since the prior meeting. Capital planning included design and bid documents for a construction project, with bids expected around February or later in the spring and construction potentially starting in summer or fall. The committee discussed arranging approximately $40 million in financing in line with project needs rather than obligating the district before bids and project requirements are known; a Moody’s rating call for a separate offering was also scheduled. The district expects an approximately $1.4 million federal rebate related to its geothermal system, which would bring the project’s net cost to about $17.9 million. No construction bid award or financing approval was recorded.