State & Local Meeting
Denison, Texas City Council Meeting, March 16, 2026
March 16, 2026
The City Council of Denison, Texas, held a meeting on March 16, 2026, which included several key procurement and financial discussions. The council received and unanimously approved the 2024-2025 Annual Comprehensive Financial Report presented by the auditing firm Patilio Brown and Hill LLP, highlighting the city's strong financial controls, fund balances, and creditworthiness. Additionally, the council considered and unanimously passed an ordinance authorizing the issuance of $20.3 million in combination tax and surplus revenue certificates of obligation (Series 2026B) to fund various city projects. The bond sale attracted strong market interest with 11 bidders and resulted in a favorable true interest cost of 3.93%, supported by high credit ratings from S&P Global and Fitch. These financial actions will support ongoing and future capital improvement projects in Denison. The meeting concluded with an executive session on legal matters, with no actions taken afterward.
Sources
- Denison, Texas City Council Meeting, March 16, 2026 · City of Denison Texas · Mar 16