In re the Bond Issuance of the Greater Wenatchee Regional Events Center Public Facilities District

¶1 Our state constitution limits municipal indebtedness to protect taxpayers from legislative and voter improvidence. We must decide whether the city of Wenatchee (City) would exceed its debt limit by entering into a “contingent loan agreement” (CLA) with appellant Greater Wenatchee Regional Events Center Public Facilities District (District) to help the District finance a regional events center. The District argues that the CLA is not subject to the City’s debt limit because it creates a “contingent” liability, triggered only if the District is unable to make payments on the District’s…