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Balch Springs approves up to $14 million in certificates of obligation for city center projects
Summary
Council authorized the issuance and sale of up to $14 million in combined tax and revenue certificates of obligation to fund city center improvements, streets and parks after a competitive sale produced lower-than-expected interest costs and a double A‑minus rating.
Balch Springs — The City Council on Aug. 11 approved an ordinance authorizing the sale of up to $14,000,000 in combination tax and revenue certificates of obligation (series 2025) to finance city center projects, street improvements and park work.
Financial advisors and bond-market professionals told council the city received…
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