Council requests later briefing on debt interest and note receivable changes
A councilmember asked staff to provide updated information on interest paid on debt service and a noted decline in interest on a city note receivable; council said the request was supplemental to the budget and would be discussed at a later meeting.
The full story
A councilmember asked that staff schedule a later conversation to review interest on the city's debt service and to explain a recent decline in interest receipts tied to a note receivable. The member said they did not need the detail immediately but wanted an update at a future meeting.
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