The city's annual financial reports list how much principal and interest remain on certificates of participation debt.
September 30, 2026: Certificates of Participation long-term debt
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The story
Toccoa's fiscal year 2018 financial report lists a certificates of participation long-term debt service schedule totaling $2,277,000 in principal and $1,081,578 in interest, for total future payments of $3,358,578.
The city's fiscal year 2020 financial report lists the certificates of participation debt with the same $2,277,000 in principal but $865,263 in interest, for a total of $3,142,263.
What happened
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Total $ 2,277,000 $ 1,081,578 $ 3,358,578
Total $ 2,277,000 $ 865,263 $ 3,142,263
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