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Ames council adopts FY26 budget amendment and sells $12.53 million in general obligation bonds; Moody’s rating affirmed
Summary
Council approved the first amendment to the FY25–26 budget for carryovers and adopted a resolution authorizing a general obligation bond sale; the city sold bonds with a true interest cost of about 3.047% and par reduced to $12.53 million after premium, and Moody’s affirmed a Aa1 rating.
The Ames City Council on Sept. 30 adopted an amendment to the FY25–26 budget to carry forward capital projects from the prior year and approved a resolution authorizing the issuance of general obligation corporate purpose bonds to fund multiple capital projects. Finance staff said the packet contained the…
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