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Newton ratifies $5.535 million general obligation bond sale to fund city projects
Summary
The Newton City Commission ratified the sale of a $5,535,000 20‑year general obligation bond Series 2025 A, awarded to a Baird-led syndicate at a 3.8196% TIC; proceeds will finance five special‑benefit district projects and four city‑at‑large projects, and S&P affirmed an AA‑negative rating.
The Newton City Commission on Monday ratified the sale of its General Obligation Bond Series 2025 A, approving measures to finalize a $5,535,000 20‑year bond that will fund several local projects.
Jessica Oliphant of Baker Tilly Municipal Advisors presented the sale results, telling commissioners the sale occurred Sept. 4 and that the final par amount of…
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