Jefferson City voters approved the only question on their ballot by 85% to 15% on April 5. The measure authorized the city to issue $44 million in revenue bonds for sewer system improvements, maintenance, and operations. The Jefferson City Council referred a bond measure to the ballot.
A municipal revenue bond is debt security used by a city that must be repaid through a specific source of revenue—usually through a charge or fee for a service directly related to the capital improvements funded by the bond issue.
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