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Council declares intent to reimburse capital spending from future bonds after 2023 voter authorization
Summary
The council approved a resolution declaring the city's intent to reimburse certain capital expenditures from future bond proceeds related to voter-approved transportation and public-safety bonds; staff said the action preserves financing flexibility and does not commit to additional issuances.
The Surprise City Council unanimously approved Resolution 2025-45 Tuesday, declaring the city's official intent to reimburse certain capital expenditures with proceeds from future bond issuances if and when those bonds are sold. Assistant Finance Director Eric Martin briefed the council on timing and fiscal strategy. Martin said voters approved $100 million in bonds on…
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