Legal Documents of Mountain City

Code of Mountain City

Table of Contents » Title 5 Municipal Finance and Taxation » Chapter 6 Debt Management Policy » § 5-605 Affordability.
Print This Page
PDF
Go to
5
Title 5
5-1
Title 5, Chapter 1
5-101
§ 5-101
Mountain City
Title 5 : Municipal Finance and Taxation
Chapter 6 : Debt Management Policy

5-605 : Affordability.

The town shall consider the ability to repay debt as it relates to the total budget resources, the wealth and income of the community and its property tax base and other revenues available to service the debt. The town may consider debt ratios and other benchmarks compared to its peers when analyzing its debt including materials published by the nationally recognized credit rating agencies. (Ord. #1269, Jan. 2012)