FY2027 General Obligation Bonds
Summary
The city sold $27.39 million in bonds at a 3.12% true interest cost after a record 16 underwriters bid — a sign of the city's strong double-AA credit. The money funds sewers, streets, parks, public safety equipment and IT over the next 15 years.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed May 27, 2026.
Impact analysis
Property owners pay the debt-service levy — about $11.7 million collected in the first year — to retire the bonds.
Residents get funded infrastructure, parks and public safety projects at a historically low borrowing cost.
Mentions & discussions (2)
City Council - May 27, 2026
The council set a hearing date for up to $35 million in bonds that will fund next year's capital improvement projects.
City Council - Apr 8, 2026
The city sold $27.39 million in bonds at a 3.12% true interest cost after a record 16 underwriters bid — a sign of the city's strong double-AA credit. The money funds sewers, streets, parks, public safety equipment and IT over the next 15 years.
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