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Council authorizes $~71.5M in 2025 refunding bonds to refinance 2015 issuance
Summary
The council authorized the Sacramento City Financing Authority to issue 2025 refunding revenue bonds to refinance outstanding 2015 bonds, projecting approximately $3.67 million in aggregate cash flow savings and no change in final maturity.
The Sacramento City Council authorized the Sacramento City Financing Authority to issue refunding revenue bonds in 2025 to refinance a 2015 refunding revenue issue, a move the city estimated will yield roughly $3.67 million in aggregate cash-flow savings for certain city funds.
Claudia Lara, a debt analyst in the City Treasurer's Office, presented the financing plan and said the 2015 refunding revenue bonds currently have an…
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