FY 23 Approved Budget Book

DEPARTMENT: DEBT SERVICE DIVISION: Debt Service - 661530 Principal, 662530 Interest Water & Sewer Debt Service Funds

Harford County went to the bond market in February for $75,000,000 in Consolidated Public Improvement Bonds.. The County received the highest rating possible from all three investor services, making Harford County bond ratings: Fitch Ratings AAA, Standard and Poor's AAA, and Moody's Investors Service Aaa, as published in the County's Official Statement on February 1, 2022. It is Harford County's practice to conduct an annual bond sale contingent on capital project needs and the economic conditions of the bond market. Prior to selling bonds, the County will issue Bond Anticipation Notes (short term financing) to start the construction of capital projects based on cash flow needs.

The following capital projects are included in the FY 23 Approved Capital Budget:

Water Projects

Sewer Projects:

Abingdon WTP Switch Gear/Generator

1,000,000 Sod Run Facility Improvements

6,500,000 2,500,000 9,000,000

Renewal and Replacement Water Infrastructure

500,000 Sod Run WWTP Ultraviolet Disinfection Project

Total Water Projects

1,500,000 Total Sewer Projects

Other Projects W&S Facilities Repair Program

250,000 250,000

Total Other Projects

TOTAL WATER & SEWER PROJECTS

10,750,000

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