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Cluster · debt_service · FY 2021
Issuance of Improvement Bonds for public street and infrastructure improvements.
Not promoted to the official baseline.
This cluster is useful evidence for review. It does not drive the budget simulator until an admin confirms the amount against an official source and promotes it.
Corroboration
1docs
Consensus
0%
Votes attached
0
Date range
2021-09-14 — 2021-09-14
Issuance of Improvement Bonds for public street and infrastructure improvements.
It is necessary and expedient to the sound financial management of the affairs of the City to issue general obligations in the aggregate principal amount of $1,950,000 (the "Improvement Bonds"), pursuant to the Improvement Act, to provide financing for the Assessable Improvements.
Reasoning: This is the portion of the bond issue allocated to improvement projects.