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Village board authorizes up to $17.17 million in promissory notes for 2026 capital projects
Summary
The Germantown Village Board approved a resolution authorizing the issuance of up to $17,170,000 in general obligation promissory notes to fund 2026 capital projects, adopting a five‑year mill‑rate leveling scenario recommended by the finance committee.
The Village of Germantown voted to authorize issuance of general obligation promissory notes not to exceed $17,170,000 to fund the village's 2026 capital projects, including road work and building projects for public safety, finance staff and bond counsel told the board.
The resolution presented a choice of two structuring scenarios; the General Government & Finance committee recommended option 2, which levels the mill rate impact over the first five years to reduce…
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