$3.6 Million General Obligation Bonds, Series 2026
Summary
The city sold its annual $3.6 million bond to the lowest bidder at 3.83%, keeping the property tax rate flat at about 11 mills to pay for street repairs. An emergency clause lets the money flow as soon as December 8.
At a glance
- Total mentions
- 2
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Oct 27, 2026.
Impact analysis
No tax increase — the bond maintains the existing ~11-mill property tax rate.
All residents, especially drivers on streets slated for repair.
Property owners pay the annual tax levy that retires the debt.
Mentions & discussions (2)
City Council - Oct 27, 2026
The city sold its annual $3.6 million bond to the lowest bidder at 3.83%, keeping the property tax rate flat at about 11 mills to pay for street repairs. An emergency clause lets the money flow as soon as December 8.
City Council - Aug 25, 2026
The council set up the annual sale of General Obligation Bonds on October 27, 2026 — voter-authorized money that funds street and bridge projects, with proceeds arriving in December.
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