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Edinburg council approves $9.2 million certificates of obligation to expand landfill
Summary
The City of Edinburg approved an ordinance authorizing combination tax and limited-pledge revenue certificates of obligation to fund landfill expansion; city officials said the solid‑waste system’s net revenues will cover debt service and the measure passed after public comment opposing the bond structure.
The Edinburg City Council on June 17 approved an ordinance authorizing the issuance of City of Edinburg combination tax and limited-pledge revenue certificates of obligation, series 2025, to fund expansion and improvements at the city landfill.
The certificate issuance was presented to council as a financing plan to build a new landfill cell and related infrastructure. Financial advisers told the council the offering attracted strong market interest and produced an effective…
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