What is the City's current outstanding debt?

The City’s current total debt obligation secured by property taxes is $32,355,000. Of that amount, $14,255,000 is supported and paid through ad valorem taxes.   The remaining $18,080,000 is supported and paid for through water and wastewater revenues. Taxes will only be used to repay this debt if water and wastewater revenues are insufficient to pay the obligations.  

Click here for the FY2023-2024 Adopted Budget, which provides a debt snapshot and a summary of the Utility Fund.

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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?