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San José council accepts annual debt report showing $3.41 billion outstanding (excludes conduit debt)

San José City Council · December 10, 2025
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Summary

Finance staff reported the city’s debt portfolio and recent issuances, noting approximately $3.41 billion in outstanding city debt (excluding conduit obligations); council accepted the annual debt report unanimously.

City finance officials presented the annual debt report for the fiscal year ended June 30, 2025, and the City Council unanimously accepted the report on Dec. 9.

Deputy Finance Director Chenio Shan and Finance…

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