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How much debt does the City of Lake Oswego have?

April 26, 2017city debt lake oswego

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How much debt does the City of Lake Oswego have?

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The City has six general-obligation bond issues with a total outstanding of $28 million. Oregon Revised Statutes limit a City’s general-obligation debt level to 3% of its RMV (which means that Lake Oswego’s maximum general-obligation bond limit is $283 million). The City also has outstanding revenue bonds of $25 million. See also bond issues.