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Scottsdale reports $240M issued of $319M bond authorization; city retains triple‑A rating
Summary
Budget staff reported bond‑program expenditures and that the city has issued $240 million of the $319 million authorized for the 2019 general obligation bond program; Scottsdale retained its AAA credit rating and the recent 2025 bond sale drew competitive bids with a 3.968% true interest cost.
Scott Selene, Scottsdale's budget director, told the Citizens Bond Oversight Committee that as of June 30, 2025 the city had issued $240 million of the $319 million authorized under the 2019 general obligation bond program and projects an additional $79 million in issuance in fiscal year 2026–27.
Selene summarized expenditures and commitments across the three voter questions: Question 1 (parks, recreation and senior services) had just under $48 million spent with roughly…
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