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City finance staff outline bond capacity, debt schedules and project options
Summary
Finance staff briefed the council on outstanding debt obligations, types of bonds (GO, LBA, sales-tax, revenue and Class C road bonds), expiration dates that could free capacity, and the uses and trade-offs of bonding with examples through 2031; council asked staff for tranche-level taxpayer-impact projections through 2032.
Salt Lake City finance staff gave the council a detailed briefing Dec. 9 on the city's bond capacity, debt-service timelines and potential future projects that could be financed by new issuance.
Staff explained multiple bond types and their characteristics: general-obligation (GO) bonds (which generally require voter approval), Local Building Authority (LBA) bonds used previously for fire stations, sales-tax or sales-revenue bonds (which the council can authorize…
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