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Home » Featured Stories, Local News for Newsletter, News » College Station City Council Approves More Debt Then Decides To Discuss How To Handle Future Debt

College Station City Council Approves More Debt Then Decides To Discuss How To Handle Future Debt

It’s been four years since the College Station city council started issuing debt through certificates of obligation instead of holding bond elections.

The council’s last meeting included approving $82 million dollars in new C-O debt.

After the vote, councilman Bob Brick received backing to have a future discussion on future city financing.

Support was also voiced by John Nichols.

051319-Bob-Brick-bond-comments.mp3

 

051319-John-Nichols-bond-comments.mp3

 

The $82 million in new debt includes almost $25 million to expand and repair the city’s wastewater treatment system, $19 million for College Station’s new city hall, $13 million for various water department projects, nearly $8 million for streets, another $8 million for parks, $5 million to buy land to expand College Station’s water supply, and more than $4 million for smartmeters.

FY19 Bond Sale from City of College Station
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Posted by on May 22 2019. Filed under Featured Stories, Local News for Newsletter, News.
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