Atlanta council authorizes up to $47.35 million in Beltline refinancing bonds

Atlanta City Council adopted Sept. 21 a substituted ordinance authorizing issuance and sale of up to $47.35 million in Beltline tax-allocation refunding bonds. Ordinance 26-O-1506 sets principal ceilings of $44.605 million for Series 2026A and $2.745 million for Series 2026B.

The stated purpose is to refinance all or part of the city's outstanding Beltline tax-allocation bonds and pay certain issuance costs, rather than identify a new trail-construction allocation. The recorded council adoption authorizes the transaction; it does not establish that the bonds have been sold or quantify resulting savings.