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Revised FY2026/27 budget book lists planned Series 2027 street certificates and fire-truck obligations
The revised proposed FY2026/27 budget book ("after council review") adds $42.5 million in "Street bonds for two projects" and $6.2 million in public property finance contractual obligations "for Fire Trucks" to the capital budget. Its statement of bonded indebtedness lists a "Series 2027 Estimate" of $27,505,000 among the certificates of obligation, annotated "Streets- 42MM 30MM and 12MM," and a Series 2027 PPFCO estimate of $6,235,000, with no payments budgeted for FY2026/27. The August 11 version of the book had neither item in its capital total and no debt schedules.[1][2]
What the sources say
- ✓ Verified
The revised FY2026/27 budget book's change list adds "Street bonds for two projects" of $42,500,000 and "PPFCO added for Fire Trucks" of $6,200,000 to capital. Its statement of bonded indebtedness at October 1, 2026 lists "Series 2027 Estimate" certificates of obligation of $27,505,000 with the note "Streets- 42MM 30MM and 12MM," and Series 2027 public property finance contractual obligations estimated at $6,235,000, neither with FY2026/27 payments; its tax-supported debt schedules show the proposed Series 2027 certificates with $1,350,000 of principal in the first year of repayment (revised book PDF pp. 9, 1044, 1052). The book does not reconcile the $42.5 million street figure with the $27,505,000 estimate or name the two street projects. [1]
- Street bonds
- $42,500,000
- Series 2027 co estimate
- $27,505,000
- Series 2027 ppfco estimate
- $6,235,000
- Pending
These are budget estimates of planned borrowing, not issued debt. As of October 18, 2026 no document reviewed for this storyline records a notice of intent or council authorization for Series 2027 certificates. [1]
