Receive budget updates and choose pension debt refinancing option
In Plain English
The city reviews its 2020-21 budget performance and overtime spending across departments. Staff presents options for refinancing pension debt through a swap program that could reduce annual payments. The council must decide which refinancing approach saves the most money long-term.
Auto-generated summary. Source: official agenda documents.
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5 related items found by meaning
Adopt annual policy governing interest rate swap agreements
Adopt annual policy governing interest rate swap agreements
Receive update on refinancing $130 million pension debt from 2005
Refinance $146 million pension debt to eliminate costly interest rate swaps
Receive update on city's pension obligation bonds
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