During a recent government meeting, officials expressed significant concerns regarding the city's Debt Management Policy and its implications for an upcoming referendum. One member highlighted a critical oversight in the process, suggesting that the Debt Management Policy should have been established prior to submitting the referendum. This misstep raises questions about the policy's clarity and effectiveness, with the member noting that its vagueness could hinder the referendum's chances of passing.

The discussion underscored the urgency of addressing these concerns, as the current timeline may necessitate either revising the Debt Management Policy or conducting separate referendums, potentially leading to a special election. The member emphasized the importance of a clear and robust policy to ensure the municipality can effectively manage its borrowing needs.

Another official echoed these sentiments, acknowledging the foundational reasons behind the Debt Management Policy but stressing that the upcoming meetings will be crucial in shaping the city's future. The officials' remarks reflect a growing recognition of the need for a comprehensive approach to debt management that aligns with the city's financial strategies and community needs. As the referendum approaches, the focus will remain on refining the policy to secure public support and ensure responsible fiscal governance.