Newark, N.J., today will competitively sell nearly $100 million of short-term debt to help roll over existing notes and support capital improvements throughout the city.

The sale includes $61 million of general improvement bond anticipation notes, $29.9 million of school notes, $5.6 million of water utility Bans, and another $2 million of special emergency notes to support the city’s zoning plans. About $58 million of one-year note proceeds will refund outstanding notes and the remaining $40.5 million will help finance infrastructure needs.

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