Medium PriorityTaxes Budgetopen
Federal arbitrage rebate liability
Summary
Because the city's 2021A bond fund investments earned 2.45% versus the 1.67% allowed bond yield, the feds get the excess — a surprise $679,409 payment due roughly a week after the meeting.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 14, 2026.
Impact analysis
💰Financial impact
$679,409.57 out the door within a week of the meeting.
✅Who benefits
The federal treasury and, indirectly, the tax-exempt bond system the city relies on.
⚠️Who could be affected
The city's capital budget, which absorbed an unplanned seven-figure payment.
Mentions & discussions (1)
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