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Council hears Q3 financial update and awards $4.1 million GO bond sale
Summary
Finance staff told the council the city is about 59% through budgeted revenues for the third quarter and presented a bond sale with a maintained AA+ rating; the council awarded the sale to TD Securities and scheduled closing for Oct. 28.
Finance director Ryan Grama presented the city’s third-quarter financial report on Oct. 7, saying revenues were “about at 59%” through September and noting the second-half tax receipts expected in December. Grama said building permit activity is lower than the prior year and that expenditures are tracking roughly in line with expectations; he cited…
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