Council refers up to $35.8M plan to refinance city debt

Columbus City Council referred a plan to issue up to $35.835 million in bonds to refinance some existing city debt and reduce related debt-service costs. The bonds could be sold through a competitive or negotiated sale, with interest capped at 6%. The city would use bond proceeds and other available funds to pay off the selected debt and financing costs. Council referred the measure to committee on June 29, 2026, by a 9-0 vote.

To authorize the issuance of limited tax general obligation bonds, in one or more series, in an amount not to exceed $35,835,000.00 for the purpose of providing funds to refund certain outstanding general obligation bonds of the City; and to declare an emergency. ($35,835,000.00)

Jun 29, 20261996-2026: To authorize the issuance of limited tax general obligation bonds, in one or more series, in an amount not to exceed $35,835,000.00 for the purpose of providing funds to refund certain outstanding general obligation bonds of the City; and to declare an emergency. ($35,835,000.00)Source documentPDF