Adopt debt policy setting rules for city borrowing in fiscal year 2021-2022

Debt PolicyBudgetFinance Department

Resolution Resolution No. 2-22

In Plain English

The city reviews its debt policy each year to set guidelines for how much money it can borrow and under what conditions. This policy controls when the city can take on debt for projects like infrastructure improvements or emergency expenses. If approved, the updated rules govern all city borrowing decisions through June 2022.

Auto-generated summary. Source: official agenda documents.