City Bond Capacity and Fiscal Report, Monday, February 13
The Budget Advisory & Financial Planning Committee will meet on Monday, February 13th at 6:30 pm. The meeting will be held in the East Wing of 801 Magnolia Avenue (Piedmont Center for the Arts Building). This location does not provide for broadcasting of the meeting. Those interested in City finances and a potential bond measure may speak at the meeting.
The agenda lists a review of the 2016 -2017 Mid-year Financial Report and the City’s bonding capacity.
The City has been studying and planning improvements to recreation facilities including a new aquatics center with potential for-profit activities such as a food concession, etc. In addition, the City has been considering various Civic Center projects. Fiscal projections have indicated a need for additional funding to finance the projects. Bond funding has been mentioned as a potential source of funding.
The City’s bond capacity informs many decisions.
Bond approval per the City Charter and State laws requires approval by 2/3rds of Piedmonters voting on any bond measure.
