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Long Beach council authorizes up to $25.99 million in bonding for capital projects; vote 4-1
Summary
The City Council approved a bond ordinance authorizing borrowing to support road work, public safety equipment, boardwalk and building repairs, and water upgrades. Councilors and residents debated debt levels, tax impacts and project priorities.
The Long Beach City Council on Tuesday approved an ordinance authorizing the city to seek financing for capital projects with an estimated total cost of $25,993,400, authorizing up to $17,400,000 in new bond issuances tied to the capital plan and related prior authorizations.
Comptroller Ina Resnick, the city’s controller, told the council the ordinance would authorize $12,900,000 for general-fund projects and $4,500,000 for water and sewer projects and described the City’s plan as a “worst-case scenario” that assumes converting short-term borrowing to long-term bonds while awaiting grant reimbursements. “We do not anticipate immediate property tax increases,” Resnick said, but she warned that the debt service could affect the city later if the full authorization were converted to long-term borrowing.
The ordinance covers a wide array of projects already approved in the May 2025 capital plan, including…
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