Town Of Moraga

Town Moving Forward with Leveraging New Local Sales Tax

At the January 23 meeting, the Town Council directed staff to work with Stone & Youngberg as underwriters for a financing program to leverage funding for the Town’s street repair program. Jones Hall will serve as the Town’s bond counsel and disclosure counsel. Over the next few months, staff will work with Stone & Youngberg and Jones Hall to determine the best financing structure, best market rates, and make recommendations to the Town Council. The goal is to secure approximately $7 million in funding by the end of the summer to use for street repairs over the next three years.

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