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Sugar Land moves forward with 2025 general obligation and utility revenue bond issuances
Summary
City staff presented and council approved ordinances authorizing a general obligation bond issuance (first series of 2025 GO bonds) to fund voter‑authorized projects and a utility revenue bond for water/wastewater capital projects; both sales closed bids earlier the same day and closings were scheduled for June 18.
The Sugar Land City Council approved ordinances authorizing two bond issuances: a 2025 general obligation bond series to fund voter‑authorized projects and a 2025 water works and sewer system revenue bond to support utility capital improvements.
Director of Finance Jing Zhao told council the GO bond issuance will fund 18 projects totaling about $27.45 million in the first issuance. Of that, $25.65 million was authorized by voters in the 2024 bond election and $1.8 million was from remaining 2019…
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