WASHINGTON - The District of Columbia council was poised last night to pass a bill that would give the district the authority to issue bonds backed by income taxes - a move that finance officials expect would provide the city debt service savings and higher bond ratings.

The bill, which was set for a final vote last night after press time and was expected to pass, was introduced by council member Jack Evans at the request of chief financial officer Natwar Gandhi. It would allow the district to issue income tax bonds as an alternative to general obligation bonds in an attempt to achieve higher bond ratings and a lower cost of borrowing.

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