Austin council orders staff to develop bond package options as financial-policy changes pass
The City Council directed staff to draft bond-package options and brought changes to the city's fiscal policies forward for consideration, adopting an alternate policy that enables earlier bond planning while prompting disagreement from members who argued the move weakens long-term discipline.
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Council members on May 28 directed city management to incorporate a set of proposed changes to Austin's financial policies and to return by the Aug. 12 budget meeting with an assessment of whether a proposed bond package would comply with those new policies.
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