Columbus approves up to $35.8M bond refinancing to reduce debt costs

Columbus will issue up to $35.835 million in bonds to refinance some existing debt and lower related debt-service costs, using current market conditions. The bonds will be backed by the city's taxing authority, with annual debt-service payments supported by property and income-tax revenue. Council approved the measure 9-0 on Oct. 19; the mayor signed it Oct. 21.

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)

Oct 19, 20262876-2026: 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