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State treasurer reports on Iowa debt

City of Toledo: 1st in series

January 10, 2018
By John Speer - Editor (jspeer@tamatoledonews.com) , Toledo Chronicle, Tama News-Herald

"Iowa continues the trend of moderate increases in outstanding debt obligations. We make this information available to all Iowans by county so they can see the total debt and changes over the years in their own communities," State Treasurer Michael Fitzgerald said about the Jan. 3 release of a report of the outstanding debt obligations for state and local governments.

The information reveals the total government debt in Iowa for the fiscal year ending June 30, 2017, was $15.8 billion.

For the City of Toledo, there's a $6,128,977 total in outstanding obligations. The treasurer's report notes this is a $2,618 per person obligation based upon the city's population of 2,341.

Article Photos

Toledo debt purposes

Source: State Treasurer’s Office

A breakdown of the $6.1 million shows:

General obligation: new sewer plant $995,000 June 1, 2029 (final maturity)

General obligation: new Aquatic Center $730,000 June 1,2024 fm

Fact Box

Next: City of Tama obligations

in

The Tama News-Herald

Revenue bonds: Water revenue bond $2,939,000 June 1, 2035 fm

Revenue bonds: New sewer plant $920,000 June 1, 2029 fm

Revenue bonds: new day care center $349,868 fm 6-30-2045

Loans daycare operations $195,109 fm 6-30-2045 fm

The report puts Toledo at 569th out of 725 cities reporting.

 
 

 

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