CHICAGO — Milwaukee today will competitively issue $130 million of general obligation promissory notes and another $16 million of taxable notes and bonds to raise funds for various capital projects and to refund commercial paper.

A portion of the sale also will cover delinquent property tax bills, an amount that has been on the rise, said deputy city comptroller Michael Daun, due to the struggling economy and its impact on homeowners and foreclosure rates in the city.

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