2026 Tax Allocation Refunding Bonds refinancing
Summary
Refunding the old redevelopment agency's bonds is expected to save over $2 million and shorten payoff from 2036 to 2030, with savings shared among taxing entities including the city's general fund.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Jun 15, 2026.
Impact analysis
Over $2.175 million in present-value savings shared with taxing entities.
The city and other taxing entities receiving redeployed tax increment.
Mentions & discussions (2)
City Council - Jun 15, 2026
Refunding the old redevelopment agency's bonds is expected to save over $2 million and shorten payoff from 2036 to 2030, with savings shared among taxing entities including the city's general fund.
City Council - Apr 20, 2026
Refinancing the Successor Agency's outstanding redevelopment bonds was projected to save over $1.95 million in present-value terms — $10.6 million in gross cash flow — shared among taxing entities including the city's General Fund, and to pay the bonds off by 2030 instead of 2036.
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