Financial Strategy

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In 2014, we introduced our new Financial Strategy, shifting Light & Power utility revenues from subsidizing property taxes to reducing our reliance on debt to fund capital expenditures. As we enter year three of our Financial Strategy, we, as a community, have reduced our reliance on debt by approximately $2 million per year. 

The final two years of the plan will see a further $1.6 million reduction in our reliance on debt, so that by plan’s end we will rely on debt by $3.6 million less, every year.