Laserfiche WebLink
Capita/~Tmprovement P/anning -June <br /> <br />debt carries broader implications. Borrowing may be needed to free up fund <br />balances or revenues for other purposes. <br />Buildings. While the State Legislature gives cities broad powers to borrow <br />money for public improvements, there are limited debt options for buildings. For <br />the purposes of the capital improvement projects discussed in this document, the <br />City may finance buildings with voter-approved general obligation bonds or lease <br />revenue bonds. The nature of the bonds has property tax implications. The tax <br />levy for voter-approved is spread on the basis of market value. The levy for lease <br />revenue bonds is based on tax capacity, similar to all other City levies. <br /> <br /> <br />