Temple to issue $54.9 million in certificates of obligation for infrastructure projects

Temple will soon have the money for multiple city infrastructure projects after the City Council approved the issuance of more than $54.9 million in certificates of obligation this week.
The certificates of obligation, which do not require voter approval unlike other forms of debt, were selected by the City Council in a unanimous vote during their Thursday meeting.
Traci Barnard, the city’s director of finance, said the issuing of this debt is to pay for multiple upcoming and planned capital improvement projects.
“With the fiscal year 2021 through 2028 business plan, the city continues to implement the largest capital improvement plan in the history of the community,” Barnard said.

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