Legislation

City Council Moves to Sell Up to $94 Million in Bonds for Major Capital Projects and Expenditures

Philadelphia residents could soon see billions of dollars in infrastructure improvements, from new parks to improved public transportation, but taxpayers will be on the hook for up to $94 million in interest payments.

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City Authorizes $106.7 Million in Bond Issue for Capital Projects

Residents Face Higher Property Taxes Under Proposal for New Recycling Fees Philadelphia homeowners could see a tax increase of up to $50 per year if the city adopts new recycling fees to help fund its struggling program.

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City to Sell New Airport Bonds to Refund Existing Debt and Fund Capital Projects

Philadelphia's airport is on the verge of a major financial makeover as city leaders consider selling new bonds to pay off existing debt and inject cash into long-overdue projects like runway expansions.

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Philadelphia City Council Passes Airport Bond Financing Overhaul Amid Ongoing Fiscal Reforms

A proposed overhaul of Philadelphia's airport bond financing system aims to simplify accounting for millions in annual Airport Revenue Bond proceeds, benefiting SEPTA and the city's general fund.

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Philadelphia City Council Moves to Clarify Rules on Borrowing Funds for Major Capital Projects

Philadelphia officials are clarifying rules on borrowing funds for major capital projects, specifying uses including acquiring property and equipment. The updated guidelines outline requirements for bond sales and city expenditures.

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Philadelphia City Council Approves Plan for Up to 125 Million Dollar Airport Bond Issuance

City Council approves plan to issue up to $125 million in Airport Revenue Bonds for various airport-related expenses. The bonds will help fund airport improvements without adding to the city's general debt.

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City Approves Plan to Issue Airport Revenue Bonds, Boosts Airline Infrastructure Financing

City Council approves plan to issue airport revenue bonds, securing funds for airline infrastructure. This move affects how Philadelphia manages its airport revenue and bond debt.

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