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Can the City afford future bond programs after the 2007-2012 Bond Program?

April 26, 2017afford Bond city future program Programs

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Can the City afford future bond programs after the 2007-2012 Bond Program?

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Yes. The Citys most recent financial plan to repay debt, prepared by the Citys Finance Department and presented to a committee comprised of key financial officers and finance executives, shows that the City can support a $305 million bond program in 2013 and an additional $300 million in 2018 with no increase to the property tax rate.