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Finance presents steady-state bond approach; council told November 2026 referendum is timeline option
Summary
Finance staff explained a 'steady-state' bond model that spreads smaller general-obligation bond referenda more frequently, described debt-affordability estimates and a November 2026 referendum timeline if council wishes to place bond measures on the ballot.
City finance staff presented a steady‑state bond model designed to spread capital borrowing evenly over time and reduce peaks in project delivery costs.
What staff said: Allison Bratcher (CFO) and colleagues said changes adopted in the FY26 budget created a debt‑service revenue structure and an advanced planning fund that allow the city to move from infrequent large bond packages to smaller, more frequent general‑obligation (G.O.) bond referenda. Staff projected that under current assumptions the city has…
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