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City staff report $600,650.93 arbitrage payment tied to 2021 utility bonds; new CFO introduced
City of Decatur Council (work session) · April 28, 2026
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Summary
City finance staff told the council a $600,650.93 yield-reduction (arbitrage) payment is required on prior tax-exempt water/wastewater bonds; the city said funds were accrued in FY2025 and introduced new CFO Mark Abernathy to the council.
City officials briefed the council on a required yield-reduction payment of $600,650.93 tied to tax-exempt utility bonds issued in 2021, and the council was introduced to the city’s new chief financial officer.
A city staff member explained that the 2021 tax-exempt…
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