How is the debt on bonds repaid?

The repayment of these bonds are spread out over 20 years, so costs are shared by current and future utility system users.

Funding for repayment of these bonds was included in the recently adopted Utility Fund Budget and are included in the new rate structure to be effective January 1, 2024. For a snapshot of city issued debt click here.

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1. Why is the City issuing debt at this time?
2. Why are CO bonds funding these projects?
3. How is the debt on bonds repaid?
4. What if I have feedback regarding the Issuance of Certificates of Obligation?
5. Why aren't roads included in the 2023 CO Bond Issuance?
6. What projects are included in this Issuance of the 2023 CO's?
7. What is the City's current outstanding debt?