Editor’s Note: we are reposting this newsletter because of several sloppy editing mistakes. We mistakenly referred to Passover coming this weekend, when it was in April. And in the story about campaign newspapers, we mistakenly referred to the Virginia Independent as the Williamsburg Independent in a second reference. The Williamsburg Independent is a different online publication and is not a campaign publication. We apologize for the errors.
James City County has nearly doubled the capital spending plan numbers that it showed ratings agencies a year ago, when its AAA bond rating was reaffirmed, the county’s financial advisor told the board of supervisors Tuesday.
But total debt, and the spending to pay it down, are still within the limits required to keep that bond rating, said David Rose of Davenport & Co., which has been the county’s advisor for nearly three decades.
James City County will spend as much as $687.3 million over the next 25 years to service its debt, with conservative…