Denton City Council made significant strides in its financial planning during the meeting on July 15, 2025, focusing on two key ordinances related to upcoming bond sales. The first ordinance addresses the general obligation bond program, marking the final year of the 2019 bond initiative, which allocates $18.9 million specifically for street improvements. This year also introduces the 2023 bond program, with a total projected sale of $142.6 million, which includes potential savings from refinancing older bonds.

City officials highlighted the opportunity to refund the 2015 bond series, projecting a savings of approximately $1.3 million by reducing the interest rate from 4.14% to an estimated 3.55%. This financial maneuver aims to maximize savings for the city, with the bond sale scheduled for July 23 and proceeds expected by August 26.

The second ordinance pertains to certificates of obligation, totaling $254.1 million, which includes issuance costs. The council confirmed that the reductions in budgeted amounts were based on real-time evaluations of project needs, ensuring fiscal responsibility.

Council members expressed clarity on the bond programs, confirming that while the 2019 program is concluding, the 2023 initiative will continue for several years, allowing for future phases of funding. The council unanimously approved both ordinances, reinforcing Denton's commitment to responsible financial management and infrastructure development.