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Audit & Finance Committee forwards revised bond decision tree to full Austin City Council
Summary
The Audit & Finance Committee voted Feb. 3 to send a revised decision-tree framework for evaluating general obligation bond proposals to the full council for consideration on Feb. 26, while asking staff to bring policy language on the two-year/substantial-completion test before that meeting.
The Audit & Finance Committee of the Austin City Council voted Feb. 3 to recommend a revised decision tree for evaluating potential general obligation bond proposals to the full council.
Mayor Pro Tem moved that the committee forward "Version 2" of the decision tree with one change: the upper-right rectangle should read, "Is this consistent with policy related to the number of years or substantial completion of estimated voter-approved bonds remaining to be issued." Councilmember Alter seconded the motion and the committee…
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