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Council cites court ruling affirming its bond authority and asks staff to review 'authorized but unissued' bonds
Summary
A council member described a recent court judgment that, the council was told, affirms the Common Council’s authority over the capital budget and ordered the comptroller to act. The council asked departments to review the list of authorized but unissued bonds and moved to send the item to Finance.
A council member told the Common Council that a state court judgment affirmed the council’s role as the disposing and appropriating body for the capital budget and directed the comptroller to act; members then requested staff review the list of authorized but unissued bonds to clear out projects that are complete or not project-ready.
The speaker said authorized-but-unissued bonds do not currently cost the…
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