On Saturday, a small gaggle of voters will either give the City a free hand to sell a record $596-million worth of bonds – for parks, drainage, senior centers, super critical components for the Decade of Downtown, etc. – or not. With that in mind, we thought it would be useful to offer a few fun facts about the City of San Antonio's debt as it stands today.
1. After voters have their say this weekend, the City will still be sitting on $98 million worth of unissued bonds from the $550-million package approved in 2007. Officials have said in regulatory filings and comments to credit rating agencies that they plan to sell the remainder this summer – after, in all likelihood, winning permission to sell another big batch. We guess there's a reason they called it the 2007-2012 bond program.
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