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Council reallocates $2.8M in bond interest to six projects, approves CIP adjustments
Scottsdale City Council · December 2, 2025
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Summary
Council approved using about $2.8 million in interest earnings from a 2019 bond issuance to replace other funding sources for six capital projects; staff said overall project budgets are unchanged and the interest offsets prior general‑fund contributions.
City staff told Scottsdale City Council that interest earnings from the city’s February 2019 bond issuance totaled about $2.8 million, and recommended allocating those earnings to six projects identified in the council report rather than increasing overall budgets.
At the Sept. 8 Citizens Bond Oversight Council meeting staff…
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