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San Jose ebt portfolio totals $3.4B; city ties high credit ratings among large U.S. cities
Summary
Finance staff presented the comprehensive annual debt report showing $3.4 billion in outstanding debt (excluding $834 million in conduit debt), detailed recent issuances and said San Jose's credit ratings are among the highest of large U.S. cities. Council accepted the report unanimously.
The San Jose City Council on Dec. 9 accepted the city's comprehensive annual debt report for the fiscal year ended June 30, 2025.
Maria Oberg, director of finance, and deputy director Chinyu Sun told the council the outstanding city debt portfolio totaled $3,400,000,000 as of 6/30/2025; that figure excludes conduit debt of $834,000,000 issued on behalf of others. Oberg said roughly a third of the outstanding debt is…
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