City issues $7,345,000 Tax Notes, Series 2022B; $3,650,000 used to procure ERP software
The City issued Tax Notes, Series 2022B, totaling $7,345,000 for enterprise resource planning software and fleet fuel-island improvements. The property-tax-supported portion, $3,650,000, was used to procure the ERP software. The notes carry rates of 3.00%-5.00% and mature annually through February 15, 2029.[1][2]
The City issued Tax Notes, Series 2022B on August 15, 2022 totaling $7,345,000; the $3,650,000 portion supported by property tax revenue was used to procure the enterprise resource planning software. The notes mature annually through February 15, 2029 at rates of 3.00%-5.00%.[1]
Issue total
$7,345,000
Erp portion
$3,650,000
✓ Verified
Budget debt schedules list the ERP portion of Series 2022B ($3,650,000 issued) with outstanding principal at the start of each fiscal year of $3,650,000 in the FY2023/24 book, $3,110,000 in FY2024/25, $2,550,000 in FY2025/26 and $1,960,000 in the proposed FY2026/27 book.[2][3][4][5]