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Staff reports municipal bond sale spending rising; 2023 sales at about 52%
Summary
Finance staff told the Other Public Meetings — Taxonomy meeting that spending from past municipal bond sales has increased: roughly 90% for 2022 sales, 52% for 2023 sales as of the meeting, and 14% for 2024 as of today; staff clarified a line item labeled 02/2002 as residual interest funds not yet associated with a project.
Finance staff reported to the Other Public Meetings — Taxonomy that spending from municipal bond sale proceeds has increased across several sale years, and answered a question about an item labeled "02/2002."
The update matters because bond sale spend-down affects financing availability for capital projects and the committee's oversight of bond proceeds.…
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