Official:Authorizing an increase in the non-electoral indebtedness of the City within the Pennsylvania constitutional limit; authorizing the Bond Committee to sell bonds at public or private negotiated sale, to provide funds toward various capital municipal purposes; providing for appropriations to the Sinking Fund Commission for the payment of such bonds; and authorizing agreements to provide credit or payment or liquidity sources for the bonds in connection with issuance of the bonds, and certain other actions.
Sponsor: Council President Johnson
Introduced: May 15, 2025
Signed: September 11, 2025
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill allows the city to borrow money at a higher amount than usual and sell bonds to fund various capital projects, such as infrastructure repairs or municipal buildings.
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Every City Council bill since 2000, summarized in plain English.