Lease purchasing enables ownership without debt obligation for local governments. In CCIA lease financing structures, lease payments are reflected as annual general fund appropriations and are not classified as debt for statutory limitation purposes. Through tax-exempt rates, the CCIA passes along substantial savings to borrowers. A related program provides for pooling of similar financings by several municipalities for economies of scale. It can also be utilized for single projects by single government units.

Gloucester Township Public Works Building Closed April 2002 $5,000,000

Westmont Fire Company Closed November 1998 $800,000

 

 

Cherry Hill Library Closed May 2002 $19,050,000

For additional information please contact:
James P. Blanda
Director of Finance
856-751-2242