Prince George's County Council introduces $751 million bond issuance for capital projects
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Summary
On first reading the County Council introduced CBO 4 20 26 to authorize up to $751,371,000 in general obligation bonds and $152,452,000 in stormwater bonds for capital and stormwater projects in FY2026; the bill was presented at the County Executive's request and referred to the General Finance & Operations committee.
The Prince George's County Council on Feb. 17 introduced a first‑reading bill to authorize a large bond issuance to finance capital and stormwater projects in the fiscal year ending June 30, 2026.
CBO 4 20 26, presented at the request of the County Executive, would empower the county to issue and sell up to $751,371,000 in general obligation bonds and up to $152,452,000 in general obligation stormwater management bonds to fund planning, acquisition, construction, reconstruction, extension, enlargement, demolition or improvement of projects listed in the county capital budget. The chair said the measure was being referred to the General Finance & Operations committee for further review.
The introduction was procedural: no deliberations or votes on the substance of the bill occurred at the Feb. 17 meeting. Councilmembers did not debate the specific project list, financing structure, or anticipated schedule during the first reading. The council’s next step is committee review, where staff are likely to present details on the projects included in the capital plan and the expected debt service impact.
The measure’s text declares the purpose of the bonds and the maximum aggregate principal amounts; detailed spending plans, project prioritization and bonding schedules will be reviewed at committee.
The council referred the bill to the General Finance & Operations committee for consideration. No committee hearing or public testimony on the bill was recorded in the Feb. 17 transcript.