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Scottsdale issues Series 2025 bonds, reaffirms triple‑A ratings; $79 million authority remains
Summary
Budget director Scott Saline reported to the Citizens Bond Oversight Committee on May 29 that the city competitively sold Series 2025 bonds, received 10 bids with a true interest cost of 3.968% and now has issued $240 million of the $319 million authorized under the 2019 bond program, leaving roughly $79 million in future authority.
Budget director Scott Saline told the Citizens Bond Oversight Committee on May 29 that the city’s bond sale on May 20 was well received and that Moody’s and S&P reaffirmed Scottsdale’s triple‑A ratings.
Saline said the approved 2019 bond program totals $319 million across three questions and that, with the Series 2025 sale, the city has issued $240 million of that…
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