Debt Management
City Debt and Credit Ratings
Much like purchasing your home, the City of Wilsonville sometimes borrows money to finance large construction projects. Occasionally the city borrows from a bank, other times the city sells publicly traded bonds. In either case, the debt is repaid over 10 to 20 years. By policy the city only issues debt for large infrastructure and building projects that have a long-term life. State law prohibits local governments from issuing long-term debt for operating purposes.
Interest Rate
Interest rate on city issued debt has varied due to market conditions, length of repayment terms, and creditworthiness of the debt at the time of issuance. Common to all of the city’s debt is that it enjoys exemption from federal and Oregon state taxes.