Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council approves parameters for $127M certificates of obligation issuance amid market uncertainty
Summary
Pflugerville approved issuance parameters for combination tax and limited revenue certificates of obligation not to exceed $127 million; advisers said the city’s AA+ rating supports good pricing but recent market volatility may delay sale.
Council voted to authorize the issuance of combination tax and limited revenue certificates of obligation (COs) with a maximum issue amount reduced to $127 million from an earlier notice amount of $142 million.
Tracy (city finance staff) said the revised amount reflects updated capital-improvement-plan priorities and project timing; staff reduced the issuance amount because several projects were deferred or rescheduled and the utility portion remained unchanged. Financial advisers present said both…
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
