Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Council reserves $3.58 million private activity bond volume cap for 2026
Summary
The City reserved its 2026 volume cap for private activity bond issues. The State's allocation to the city for 2026 was reported as $3,581,955.00; the ordinance passed unanimously among present members.
Corporation Counsel T.J. Somer explained and the council approved the annual ordinance reserving the City's 2026 private activity bond volume cap. The State calculated the allocation for the city at $3,581,955.00 for the year.
Alderman Vincent Zaranti moved the ordinance and Alderman Sonia Perez seconded; the motion carried with six ayes and one absence recorded. No additional actions or specific bond issuances were authorized at the meeting; this item reserves the city's capacity for future private activity bond actions in 2026.
