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Council discusses revenue bond, GO bond and TIF as tools to fund facilities plan
Summary
Council members compared revenue bonds, general-obligation (GO) bonds and TIF dollars as funding options while urging quick action to lock in financing for a package of facilities upgrades; no formal financing decision was made at the study session.
Indianola — Council members discussed financing strategies for a multi-project facilities plan, including revenue bonds tied to local option sales tax, general-obligation (GO) bonds and tax increment financing (TIF) within the downtown district.
Several council members said a revenue bond — which would be repaid from local option sales tax revenue rather than property taxes — may be the quickest way to begin projects without a longer ballot timeline for GO bonds. A councilmember cited the city’s approximate GO-bond capacity at $27 million and said…
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