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Chandler staff outlines $380M in proposed bond sales to fund water, roads and public safety projects
Summary
City finance staff told the council they plan to sell up to $205 million in ETRO bonds and up to $175 million in general obligation bonds in January; staff said the GO sale is structured to keep the secondary property tax rate flat at $0.87 per $100 of assessed value.
Finance staff presented two proposed debt authorizations during the Nov. 10 study session: Resolution 59-46 would authorize sale of excise-tax revenue obligations (ETRO) not to exceed $205,000,000, with pledged repayment from excise taxes and debt service funded by utility revenues; Resolution 59-47 would authorize sale of general obligation (GO) bonds not to exceed $175,000,000, repaid by secondary property taxes.
Matt Dumdar,…
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