30 results for “bonded debt”
30 results for “bonded debt”
On August 12, 2025, Hazleton City Council held a regular meeting where several ordinances and resolutions were discussed, including Ordinance 2025-6 authorizing the issuance of general obligation bonds not to exceed $15,000,000, with approximately $10,000,000 earmarked for city road paving projects. An executive session was held prior to the meeting regarding personnel and litigation issues, and a resolution authorizing enhanced security measures for the mayor and employees was added to the agenda. The council also discussed ordinances related to tree regulations and eminent domain proceedings at 630 Hanover Court, with public comment raising questions about project costs, arborist qualifications, and transparency procedures for the city's borrowing and debt management.
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The Township of Bethlehem 2025 budget assumptions document, dated October 18, 2024, outlines wage increases, staffing changes, and revenue assumptions for the upcoming fiscal year. Wage and fringe benefit increases include 3.0% for AFSCME and Teamsters employees (CBAs expiring 12/31/26), 3.5% for police and non-bargaining staff, 5.9% for library staff, 17.7% for medical insurance, and 55.57% for pension mandatory minimum obligations. The township is hiring two police officers and two truck drivers in 2025. The budget proposes no increases to the millage rate, sewer billing rate, or stormwater fees, with stormwater in year 4 of a 4-year model with a proposed rate lock. Current debt service from Series 2021 bonds matures in Spring 2027, with no new debt service proposed for 2025. Budget hearings are scheduled for October 24, October 29, and November 7, with first public reading on November 18 and final adoption on December 16.
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