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2013 City of Columbus Bond Package

Home Forums General Columbus Discussion 2013 City of Columbus Bond Package

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  • #97241

    News
    Participant

    City of Columbus Plans 2013 Bond Package

    Published on May 16, 2013 11:55 am

    By: Walker

    For the first time in five years, the City of Columbus is seeking to place a bond package on the ballot this fall for a public vote. The bond package would continue to support capital improvement projects throughout the city for infrastructure and neighborhood projects. Mayor Michael B. Coleman, City Council President Andrew J. Ginther and City Auditor Hugh J. Dorrian are serving as co-chairs of a committee that seeks to place the bond package on the November 5th ballot.

    READ MORE: http://www.columbusunderground.com/city-of-columbus-plans-2013-bond-package

    #542872

    News
    Participant

    Press Release:
    Columbus Maintains AAA Credit Rating

    Columbus has again received the highest possible credit rating from all three major rating agencies. Moody’s Investor Services, Fitch, and Standard and Poor’s have reaffirmed the city’s AAA credit rating. Columbus continues to be the only city of its size to enjoy the top credit rating from all three agencies.

    “Our AAA bond rating confirms that Columbus remains on solid financial ground,” said Finance Committee Chair Priscilla R. Tyson. “By maintaining our rating, we are able to save millions of dollars for taxpayers when we finance important capital projects.”

    The City of Columbus issues bonds to finance projects like fire stations, safety equipment, road improvements, sidewalks, streetlights, park improvements, and other capital needs. The city’s high credit rating allows it to borrow at lower interest rates, saving millions of dollars in borrowing costs.

    “Columbus is unique among major cities in our careful financial management,” said Councilmember Tyson. “We are grateful for the prudent leadership of City Auditor Hugh Dorrian, and Council will continue to work with Auditor Dorrian and Mayor Coleman to protect the investment our taxpayers make in this great city.”

    #542873

    News
    Participant

    City of Columbus Announces $842 Million Bond Package for 2013
    Published on June 19, 2013 11:35 am
    By: Walker

    In May, we reported that city leaders were considering a proposal to place a bond package in front of voters this November, and today that proposal was made official. Columbus Mayor Michael Coleman, the Members of City Council, and City Auditor Hugh Dorrian jointly announced a $842 million bond package that will appear as four individual bond package issues on the November 5th ballot.

    READ MORE: http://www.columbusunderground.com/city-of-columbus-announces-842-million-bond-package-for-2013

    #542874

    News
    Participant

    Press Release:

    Columbus Chamber Announces Support of City’s Bond Package

    Columbus, OH – The Board of Directors of the Columbus Chamber has passed a resolution supporting the City of Columbus’ bond package, which would enable up to $842 million to be invested to help fund capital improvements, strengthen neighborhoods and support job growth.

    If passed, the funds will be invested between four areas – Safety & Health, Recreation & Parks, Public Service, and Public Utilities – allowing the city to secure debt instead of raising income and property taxes.

    “This bond package, which does not raise taxes on citizens or businesses, gives the City of Columbus the continued authority to borrow money at a favorable rate to address capital needs,” said Michael Dalby, president and CEO, Columbus Chamber. “The city’s proven fiscal management history, as well as Chamber’s commitment to facilitate existing business growth, prompted the Board’s support of the bond package.”

    To read the official resolution, visit columbus.org.

    #542875

    howatzer
    Participant

    How about we double this and drop the school levy?

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