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Council approves reallocation of $2.35 million in unspent bond proceeds
Revere City Council · December 16, 2024
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Summary
By roll-call vote the Revere City Council approved moving $2,347,983 in unexpended bond proceeds into accounts to fund recent capital items, a move staff said will avoid issuing new debt.
The City Council voted to approve the reallocation of $2,347,983 in unexpended bond proceeds to cover recent capital items, a measure city finance staff said will reduce the need to issue…
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