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6/20/2025 <br />1 <br />2026 DEBT LEVY June 24, 2025 <br />DEBT LEVY <br />Background <br />It is standard practice for local governments to utilize tax-exempt bond <br />financing to fund major capital projects. These typically include: <br />Street and utility reconstruction – as needed <br />Park improvements, trails, and sidewalks – as needed <br />Building improvements or replacements – as needed <br />Major equipment purchases –e.g., fire trucks, typically once <br />per decade <br />1 <br />2 <br />9