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Finance staff recommends cautious approach to a 2026 bond; $750M cap proposed, option to delay to 2028
Summary
Financial Services reported Austin's outstanding GO debt (~$2.4B) and authorized but unissued bond balances; staff recommended not exceeding $750M for any 2026 bond program or delaying to 2028 to improve delivery capacity and credit metrics.
Financial Services Director Kim Olivares briefed the committee on the city's debt capacity and scenarios for a potential 2026 bond program, emphasizing modeling assumptions and recommended limits.
Olivares said the city currently has approximately $2.4 billion in outstanding general obligation (GO) debt and substantial authorized but unissued (ABU) amounts tied largely to transportation and affordable housing programs. She described modeling assumptions — 3% annual…
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