Low PriorityTaxes Budgetopen
Ordinance 1659 Prepayment Correction
Summary
The $1.5 million borrowing ordinance contained a prepayment ban inconsistent with the actual Brentwood Bank note — the bank's paperwork caused the error. Council is advertising a fix.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Aug 3, 2026.
Impact analysis
💰Financial impact
Correcting the language preserves the borough's option to prepay the $1.5 million general obligation note.
✅Who benefits
Borough taxpayers, who keep flexibility to pay down the debt early if funds allow.
Mentions & discussions (1)
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