Debt
This section pays the City’s debt obligations: repayment of bond principal and the interest due on bonds, notes, emergency notes, and bond-anticipation/capital notes. It also includes small remaining payments associated with several named capital projects, such as park development.
Debt costs total $54.87 million in CY2026, up $4.36 million, or 8.6%, from last year. Bond principal is the largest item at $30.13 million, followed by bond interest at $16.58 million. Interest on notes adds $4.72 million, while special-emergency-note interest is $2.28 million and emergency-note interest is $900,000. The listed park and gateway items are comparatively small—together under $50,000 excluding the $217,722 bond-anticipation/capital-notes payment—and three project lines have no CY2026 appropriation.
| Line item | Category | Code | Amount |
|---|---|---|---|
| ▸Payment Bond Principal | Debt | 45-920 | $30,125,000 |
| ▸Interest on Bonds | Debt | 45-930 | $16,582,426 |
| ▸Interest on Notes | Debt | 45-935 | $4,721,920 |
| ▸Interest on Special Emergency Notes | Debt | 45-936 | $2,277,749 |
| ▸Interest on Emergency Notes | Debt | 45-934 | $900,000 |
| ▸Payment Bond Anticipation Notes and Capital Notes | Debt | 45-925 | $217,722 |
| ▸Multi-Park Development | Debt | 45-924 | $38,243 |
| ▸Berry Lane Park | Debt | 45-926 | $8,085 |
| ▸Montgomery Gateway | Debt | 45-925 | $3,109 |
| ▸Sgt. Anthony Park | Debt | 45-922 | $0 |
| ▸Roberto Clemente Park | Debt | 45-921 | $0 |
| ▸Marion/Pavonia Pool | Debt | 45-923 | $0 |