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Council hears $82.7 million bond briefing tied to consent‑decree projects
Summary
Specialized Public Finance briefed the council on an $82.7 million debt plan — roughly $70 million new money and $12 million in refunding — to complete consent‑decree work; a AA rating affirmation was expected and the refunding would save roughly $50,000 a year.
Paul Jason of Specialized Public Finance briefed the Tyler City Council on a proposed debt issuance the city is considering to complete work tied to a consent decree.
Jason told the council the proposed financing would include about $70 million in new money and roughly $12 million in refunding, for a total issue of approximately $82.7 million.…
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