Portland City Finances

Evening News
program date: 
Tue, 11/11/2008

The City of Portland plans to sell more than $15 million dollars in general obligation bonds next week in order to fix up the city’s main fire station on Naito Parkway.
The sale is the last of a series of bonds issued as part of a 53 million dollar measure approved by taxpayers in 1998.
Besides being an inopportune time to dip into the bond market, KBOO reporter David Rosenfeld explains how the bond sale comes with news about the city’s increasing debt obligations.


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