One of the items on the agenda of Thursday’s session of the Bolesławiec County Council was a vote on the draft resolution “on the issue of municipal bonds and the rules for their disposal, acquisition and redemption.” Before that happened, Bolesławiec County starost Tomasz Gabrysiak spoke:
Originally, we planned to issue bonds worth PLN 3.5 million. At the last session, we reduced this amount to PLN 2.5 million.
He explained that Bolesławiec County is in a good financial position, as the local government’s debt amounts to 18.45%, placing Bolesławiec County 10th in the ranking of the least indebted county-level local governments in Lower Silesia. (The situation is worst in Zgorzelec County and Złotoryja County, where debt exceeds 50%.)
The head of the County Board also stressed that the debt of Bolesławiec’s local government has been falling year by year. What is more, the starost continued, our County ranks fourth (out of 26 counties) in terms of investment expenditure per capita.
He also noted:
The money we are raising through the issue does not increase Bolesławiec County’s debt. In short, over the course of a year we repay more than we borrow. I believe this money is being spent sensibly.
He also explained that without the bond issue, the County would spend up to half as much money on investments. And, after all, funds are needed for the required own contribution, including for investments carried out under the Polish Deal.
The Council adopted the resolution in question by 14 votes in favour. Seven councillors voted against it. Details are available on the Bolesławiec County website.