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Henderson council explores municipal bonds to finance infrastructure, affordable housing and downtown projects
Summary
At a Sept. 11 special meeting, councilors heard from a Loop Capital Markets presenter on municipal bond options, including GO bonds, revenue bonds and COPs; presenters urged prioritizing projects, noted LGC review is required, and offered a potential referendum and bond-team timeline.
Henderson City Council used a Sept. 11 work session to explore municipal bonds as a financing option for capital projects, with a presenter from Loop Capital Markets outlining bond types, likely approvals and timing.
Alex Wallace of Loop Capital Markets described the firm and emphasized the North Carolina Local Government Commission’s role in reviewing municipal debt and an analysis of the city’s capacity to repay. Wallace said municipal bonds are tax-exempt and typically carry lower interest rates than comparable taxable debt.
A second presenter (identified in the minutes…
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