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Treasurer asks committee to rescind $9.82 million in unused bond authorizations after reimbursements

Lawrence City Council · March 25, 2026

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Summary

Treasurer Pearl Ortiz told the committee nine previously authorized borrowings totaling $9,821,827.98 are no longer needed because projects were completed and external reimbursements (including MSBA) reduced borrowing needs; councillors requested a breakdown of MSBA reimbursement percentages for specific school projects.

Pearl Ortiz, the city's treasurer and tax collector, asked the committee to rescind nine outstanding bond authorizations totaling $9,821,827.98 on the grounds that the projects are complete and the previously anticipated borrowing is no longer required.

Ortiz said the…

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