TITLE

Tucson Sets May Election Date for $142 Million Water Bond Vote

AUTHOR(S)
Watts, Jim
PUB. DATE
December 2004
SOURCE
Bond Buyer;12/9/2004, Vol. 350 Issue 32026, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that a $142 million revenue bond package to finance water projects considered essential to growth in Tucson, Arizona, will go before voters on May 18. Tucson water director David Modeer said the bonds would provide the funds to expand water and wastewater storage, treatment, and delivery facilities over the next five years. Tucson's water revenue bonds are rated Aa3 by Moody's Investors Service Inc., A-plus by Standard & Poor's, and AA by Fitch Ratings. It is costing the city approximately $700,000 to hold the bond election in May rather than during municipal elections in November.
ACCESSION #
15317152

 

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