Atlanta Waits on $40M Sale

Atlanta is looking forward to issuing at least $40 million of public improvement general obligation bonds this year, even though the City Council on Monday referred the item back to the finance committee to be considered later this month.

Voters in 2000 approved $150 million of bonds, and $48.5 million will be used for sidewalks and related costs. Another $55 million will be used for public plazas and other projects. About $27 million will pay for street, bridge, and viaduct projects. Roughly $19 million was approved for traffic control devices.

The council decided to hold the ordinance over until its next meeting as more details are ironed out.

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