Skip to code content (skip section selection)
Compare to:
Sec. 325. Debt Impact Statements.
   Prior to the adoption of any ordinance or resolution authorizing the incurring of any indebtedness by the City or the placing of any debt authorization on the ballot, the Mayor and Council shall have prepared a debt impact statement. The debt impact statement shall analyze the effect of the new debt on the City’s finances and indicate the amount of additional funds required to be budgeted for debt service.