Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council agrees to pursue polling and planning for a possible 2025 general‑obligation bond election
Summary
Staff briefed council on remaining bond authority, projects in the 10‑year CIP that lack voter authorization, and a recommendation to conduct public polling; council gave consensus to proceed with polling and preparatory steps for a possible special election and asked staff to return with bond‑committee structure options.
Assistant City Manager Vicki Rios and staff briefed the council on the potential for a general‑obligation (GO) bond special election and asked for direction to proceed with polling and outreach preparatory work.
Rios and budget staff explained that GO bonds are repaid with the secondary property tax levy and reminded council of a 2020 council ordinance limiting the issuance of new GO bonds if issuance would require raising the levy beyond growth. Staff showed debt service trends that demonstrate debt payments declining through the 2030s — meaning there is potential capacity to issue additional debt without raising the levy if new voter authority is approved.
Staff summarized remaining voter bond…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
