Colorado Springs district proposes extra $355,000 bond payment
The Marketplace at Austin Bluffs district’s proposed $545,325 budget keeps its property-tax levy at 50 mills. A hearing and vote are scheduled for Nov. 10.
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The Marketplace at Austin Bluffs General Improvement District proposes an extra $355,000 payment toward bond principal in 2027. Colorado Springs Chief Financial Officer Sharia McDaniel said the payment would reduce interest costs over the bonds’ life. The proposed property-tax levy would remain at 50 mills.