The Leander City Council held a regular meeting on September 18, 2025, where significant financial updates were presented regarding the city's recent bond sale. Financial advisers Chris Allen and Ruben White provided insights into the sale of certificates of obligation, detailing the favorable conditions and outcomes achieved.

Allen began by highlighting the importance of credit ratings, noting that both Moody's and Standard & Poor's affirmed Leander's strong ratings, with Moody's rating the city at Aa1, just one notch below the highest rating. He commended the city’s leadership for their effective financial management, which has led to better-than-expected budget results and robust reserves.

The meeting also celebrated Leander's recognition as the eighth best place to live in the country by U.S. News and World Report, a factor that positively influences the city's financial standing. Allen emphasized that this accolade, along with strong financial policies, contributes to lower borrowing costs for the city.

In terms of market conditions, Allen reported a recent drop in interest rates, which allowed the city to secure a 4.46% interest rate on a 30-year loan. He noted that the city priced its bonds favorably compared to peer municipalities, achieving rates that were 2 to 8 basis points lower than similar issuers.

The council was informed that the delivery of funds from the bond sale is scheduled for September 30. Allen concluded his presentation by recommending the approval of the bond sale and opened the floor for any questions from the council members.

Overall, the meeting underscored Leander's strong financial health and strategic management, positioning the city favorably for future growth and development.