Earlier editions: 2026-09
Title 2 — ADMINISTRATION›Article 2.8 — INTERNAL FINANCIAL PROCEDURES AND COUNTY CONTRACTS
San Mateo County Municipal Code Ch. 2.81 Debt Limit
San Mateo County Municipal Code · 2026-10 edition · updated 2026-10-04 · San Mateo County
Cite as: San Mateo County Municipal Code Chapter 2.81 · Text as of 2026-10-04
2.81.010 - Debt limit established.¶
The debt limit shall not exceed the amount of debt which can be serviced by an amount not to exceed four percent (4%) of the average annual County budget for the current year and the preceding four fiscal years.
(Ord. 4324, 08/15/06)
2.81.020 - Yearly debt limit to be set by Board of Supervisors.¶
Annually at the time of approving the final County budget the Board of Supervisors shall establish by resolution the County debt limit for the fiscal year. For purposes of this section debt limit shall be non-voter approved debt that is the obligation of the County of San Mateo. Said debt limit shall not include any voter approved debt or any debts of independent agencies, whether governed by the Board of Supervisors or not. It shall also exclude any debt which is budgeted to be totally repaid from the current fiscal year budget.
(Ord. 4324, 08/15/06)
2.81.030 - Exception.¶
The annual debt limit once established may be exceeded only by a four-fifths (⅘) vote of the Board of Supervisors and upon a finding that such action is necessary in the best interests of the County and its citizens.
(Ord. 4324, 08/15/06)
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