Posts Tagged ‘debt’

County Debt Piling Up

Written by Jeff Johnson on June 25th, 2012. Posted in General

Last week, the Board met for a briefing on the general fiscal situation in the county and to discuss county debt and the expected trend going forward.  With respect to our debt load, the picture is concerning, to say the least.

Below is a graph of the county’s debt service levy since 2007 and as projected through 2016 (measured in millions).  The red line represents debt issued by the County Board; the black line represents the debt issued by the County Board combined with the debt issued by the Hennepin County Regional Rail Authority.  The County Board and the Rail Authority are separate legal entities but are made up of the same seven members.