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Waco staff present plan for $100M‑plus 2026 certificates of obligation to fund water, streets and other CIP projects
Summary
City staff asked council to authorize parameters for up to $110 million of Certificates of Obligation to fund a roughly $100.36M project fund deposit for the 2026 CIP, covering water/wastewater, Better Streets Waco, bridge reconstruction and Fire Station #8 design; presenters said the issuance would raise total outstanding debt from ~ $1.0B to about $1.1B.
City financial staff and outside advisors presented the next step in Waco’s 2026 debt issuance on Jan. 20, asking council to authorize a parameters order to support Certificates of Obligation of up to $110 million to fund capital projects included in the adopted 2026 CIP.
Presenters said the project fund deposit for this issuance is roughly $100.36 million and includes multiple priorities: water and wastewater system investments (enterprise debt totaling roughly $55.68M in the…
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