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Council approves ordinance permitting Spartanburg Water to refund bonds
5386447 · July 15, 2025
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Summary
On first reading, council approved an ordinance allowing Spartanburg Water System to refund up to $26.5 million in water-system revenue bonds; staff said the system’s bonds are repaid from its operating revenues and not city general funds.
City council approved an ordinance on first reading that permits the Spartanburg Water System to refund existing water-system revenue bonds and issue new series bonds in an amount not to exceed $26,500,000.
City Attorney Bob Koehler explained state law requires…
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