Columbus approves up to $682.4M bond refinancing

Columbus approved issuing up to $682.395 million in bonds to refinance some outstanding city debt and reduce related debt-service costs. The bonds will be sold through competitive or negotiated sale, with proceeds used to repay selected existing bonds and cover financing costs. The city will levy taxes as needed to pay principal and interest. Council approved the measure 9-0 on Oct. 19, and the mayor signed it Oct. 21.

To authorize the issuance of unlimited tax general obligation bonds, in one or more series, in an amount not to exceed $682,395,000.00 for the purpose of providing funds to refund certain outstanding general obligation bonds of the City; and to declare an emergency. ($682,395,000.00)

Oct 19, 20262875-2026: To authorize the issuance of unlimited tax general obligation bonds, in one or more series, in an amount not to exceed $682,395,000.00 for the purpose of providing funds to refund certain outstanding general obligation bonds of the City; and to declare an emergency. ($682,395,000.00)Source documentPDF