Debt

Fiscal Year 2024

The City's Debt Strategy and Current Debt

The City developed a long-range plan to utilize bonds and pay-as-you go for a comprehensive capital improvement plan. This combined strategy allows for continued investment in infrastructure and other capital assets. An advantage of combining borrowed funds with current funding is the ability to structure debt repayment schedules to avoid dramatic tax or rate increases otherwise needed to provide adequate amounts for large capital projects. The constitution of the State of Florida, Florida Statute 200.181 sets no legal debt limit. The City of Stuart has no legal debt limit.