FY26 budget book final

WASHINGTON COUNTY APPROVED BUDGET

FY 2026

Debt Capacity Analysis – Effect of Debt Issuance on Debt Ratios

Debt Service as a % of General Fund Revenue

Debt Service Per Capita as a % of Income Per Capita

Debt as a Percent of FMV

Debt Per Capita

Fiscal Year

Peer Group Median

Projected

2026

1,036

1,828

0.98%

1.27%

5.77%

7.22%

0.17%

0.25%

2027

1,056

1,828

0.99%

1.27%

5.78%

7.22%

0.17%

0.25%

2028

1,074

1,828

1.00%

1.27%

5.95%

7.22%

0.17%

0.25%

2029

1,086

1,828

1.01%

1.27%

5.46%

7.22%

0.15%

0.25%

2030

1,107

1,828

1.02%

1.27%

5.45%

7.22%

0.15%

0.25%

2031

1,126

1,828

1.03%

1.27%

5.70%

7.22%

0.16%

0.25%

2032

1,139

1,828

1.03%

1.27%

5.71%

7.22%

0.16%

0.25%

2033

1,149

1,828

1.03%

1.27%

5.74%

7.22%

0.15%

0.25%

2034

1,157

1,828

1.03%

1.27%

5.72%

7.22%

0.15%

0.25%

2035

1,163

1,828

1.03%

1.27%

5.70%

7.22%

0.15%

0.25%

2036

1,168

1,828

1.03%

1.27%

5.63%

7.22%

0.15%

0.25%

2037

1,171

1,828

1.02%

1.27%

5.59%

7.22%

0.15%

0.25%

2038

1,174

1,828

1.02%

1.27%

5.57%

7.22%

0.14%

0.25%

2039

1,175

1,828

1.01%

1.27%

5.54%

7.22%

0.14%

0.25%

2040

1,174

1,828

1.00%

1.27%

5.50%

7.22%

0.14%

0.25%

2041

1,171

1,828

0.99%

1.27%

5.45%

7.22%

0.14%

0.25%

2042

1,167

1,828

0.98%

1.27%

5.48%

7.22%

0.14%

0.25%

2043

1,160

1,828

0.97%

1.27%

5.48%

7.22%

0.14%

0.25%

2044

1,150

1,828

0.95%

1.27%

5.47%

7.22%

0.14%

0.25%

2045

1,138

1,828

0.93%

1.27%

5.17%

7.22%

0.13%

0.25%

Policy

1,500

1.50%

8.00%

0.50%

Credit Ratings

Rating agencies are companies that assign credit ratings to institutions, including local governments that issue debt obligations. Credit ratings are the rating agencies’ assessment of the County’s ability and willingness to repay debt on a timely basis. Debt management is an important factor in evaluating and assigning credit ratings. Credit ratings are an important indicator in the bond market and can influence the County’s long -term interest rates that it must pay. The County’s current credit ratings are AA+ by Standard & Poor’s, AA+ by Fitch and an Aa1 by Moody’s Investors Service. The County’s credit ratings reflect strong financial management, continued economic development and diversification, strong financial position, sound financial policies, manageable capital needs, low to moderate debt, and strong reserves.

2026 Budget Document

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