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Council committee advances authorization to issue up to $230 million in wastewater revenue bonds
Summary
The Committee on Budget recommended reporting out a resolution authorizing up to $230 million in senior wastewater revenue bonds to finance sewer projects, with staff saying market rates currently trend in the high 3–4% range and typical amortization over 30 years.
The City & County of Honolulu Committee on Budget on July 21 recommended reporting out Resolution 25‑193, a measure authorizing the director of budget and fiscal services to issue and sell up to $230,000,000 in senior wastewater system revenue bonds for sewer projects. Andy Kawano, director of budget and fiscal services, told the committee the requested amount is aligned with the sewer rate study and represents borrowing the city expects to need for disbursements rather than borrowing the entire appropriated amount at once.
Why it matters: the bonds…
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