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Allegheny County Council approves up to $335 million bond package to fund capital projects
Summary
The council adopted ordinance 13970-26 authorizing up to $335 million in general-obligation bonds to refund prior issues and finance county capital projects; the measure passed unanimously on June 9, 2026.
Allegheny County Council voted unanimously on June 9 to adopt ordinance 13970-26, authorizing the county to issue one or more series of federally taxable and/or tax-exempt general obligation bonds in an aggregate principal amount not to exceed $335 million. The ordinance, approved under the Local Government Unit Debt Act, allows the county to refund portions of prior bond series and to fund capital projects, equipment purchases and costs of issuance.
Mr. Palmina, speaking for the budget and finance committee, told council the committee met and "firmly recommended the ordinance," then moved for approval. The roll-call vote was 15 in favor, zero opposed.
The ordinance lists multiple authorized uses: refunding portions of the county's outstanding general-obligation bonds (identified as series C75 and C76 in the ordinance text), financing design, acquisition, construction, renovation and improvement of county facilities and properties, purchasing capital equipment, and paying issuance costs. It also establishes standard bond-administration provisions including redemption provisions, registration and transfer rules, creation of sinking funds if required by law, and covenants intended to preserve tax status under the Internal Revenue Code.
According to the ordinance language read into the record, county officers are authorized to accept a private sale proposal if that is in the county's financial interest and to take necessary ministerial steps, including filing required documents with the Pennsylvania Department of Community and Economic Development. The ordinance sets forth procedures for preparing a preliminary and official statement for marketing and contemplates continued disclosure obligations if applicable.
Council members did not request additional amendments during the vote. The ordinance will become effective according to its terms and contingent on any required approvals by the Department of Community and Economic Development.
