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Council introduces large bond authorization, adopts sponsor amendment
Summary
Prince George's County Council introduced CB 4-2026 to authorize new general obligation and stormwater bonds to finance capital and stormwater projects; staff noted significant long-term debt implications and members adopted a sponsor amendment by roll call.
Prince George's County Council introduced CB 4-2026 on March 31, a bill to authorize the county to issue general obligation and stormwater bonds to finance capital projects in the fiscal year ending June 30, 2026.
The text read aloud by the chair listed figures of $751,371,000 in aggregate principal of general obligation bonds and $152,452,000 in aggregate principal of stormwater management bonds. In a committee report,…
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