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Council approves sale of 2025 general‑obligation and sales‑tax revenue bonds; ratings affirmed AA
Summary
The council approved resolutions awarding sale of the city's 2025 A (general obligation) and 2025 B (sales tax revenue) bonds. Both issues received a single bid from Robert W. Baird; S&P affirmed the city’s AA long‑term rating with a stable outlook.
The Marshall City Council approved two resolutions awarding the sale of its 2025 bond issues: a 10‑year general obligation issue (2025 A) and a 20‑year sales tax revenue issue (2025 B). Both issues received a single bid from Robert W. Baird & Co., and S&P Global affirmed the city's long‑term rating at AA with a stable outlook.
EJ Moberg, Director of Administrative Services, said the 2025 A bonds will finance equipment (including an aerial truck), a street reconstruction project and a surface water project.…
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