WARREN — Trumbull County’s debt level is considered to be moderate, Christy Sostaric of the county auditor’s office told commissioners during their weekly workshop meeting on Tuesday.
The county has approximately $7.8 million in notes and $15.1 million in bonds, she said. By the end of the year, the county will have approximately $2.37 million in special assessments, short-term bonds and USDA bonds.
She said the county has about $17 million in debt.
Commissioner Denny Malloy asked Matthew A. Stuczynski, an independent financial adviser employed by the county, whether Trumbull County’s debt would be considered low, moderate or high.
“How much debt should we have,” Malloy asked.
Stuczynski said it depends on the county’s ability to repay its debts and its cash flow.
“The good news abou