Annual Capital Improvement Bond Authorization
At a glance
Based on auto-generated captions; names and figures may be misheard.
- What: Authority to borrow the usual $7 million in annual capital improvement bonds, plus a final round of a $20 million general obligation note, with a ceiling of 7% on interest rates.
- Where it stands: The Board of Finance recommended approval unanimously on October 5, 2026 and asked the City Council to waive the reading.
Sources
Log
- 2026-10-05 - Board of Finance - Recommended unanimously; staff to send tax-impact and spending details to the council.
- 2026-10-05 - City Council - Mayor's report: FY27 borrowing resolution authorizes up to $13.5 million ($7 million annual capital plus $6.5 million of previously voter-approved infrastructure borrowing).