Aurora is getting ready to pass a $16.5 million bond issue to pay for capital projects during the next four years. Aldermen on the Finance Committee this week recommended the issue, which was first brought up during 2017 budget discussions.
“This is the follow through of what was planned in the budget,” said Alderman Robert O’Connor, at large, the Finance Committee chairman. “We’re just bringing the issue forward.”
The bond issue will pay for about $10 million in capital projects during 2017, another $2 million worth in 2018, about $2.75 million in 2019 and $487,700 worth in 2020. It was anticipated during budget discussions because the budget was so tight that there was little or not money available for capital projects. Click Here to Read More:
