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Board of Estimate and Taxation approves bond-proceeds reallocations to cover other projects
Summary
The Board of Estimate and Taxation approved two bond-proceeds reallocations Jan. 28, 2026, including a transfer of just over $2 million from a Water 35 bond to the Water Distribution Improvement Project (Water 12) to comply with tax-credit and IRS constraints; votes were 4-0 on both items.
The Minneapolis Board of Estimate and Taxation on Jan. 28 approved two bond-proceeds reallocation resolutions and received a related bond transmittal, moving voting items to the start of the agenda at the mayor's request.
President Steve Brandt reopened unfinished business from the Dec. 10 meeting and asked David Wheeler, Senior Manager of Banking Investments and Debt, to summarize a reallocation tied to public-works project closeouts and council action in November 2025. Wheeler told the board the packet lists affected projects and amounts and characterized…
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