The City of San Juan is announcing that on July 22, 2025 the City Commission will consider authorizing the issuance of one or more series of certificates of obligation (municipal bonds) for up to $8,000,000. The proceeds would fund permanent public improvements such as street, curb, sidewalk, drainage, traffic safety, public safety facilities, police and fire vehicles, equipment, land, right‑of‑way purchases and related professional services. The bonds would be repaid through a levy on ad valorem taxes and a small revenue lien from the city’s utility system, and would add to the city’s existing debt of $48,317,000 (principal) and $65,296,192 (principal + interest). The estimated debt service for the new bonds is $13,090,898, with a maximum maturity of February 15, 2045.
| Authorized bond amount | $8,000,000 |
| Commission meeting date | July 22, 2025 |
| Current outstanding principal debt | $48,317,000 |
| Current total debt service (principal + interest) | $65,296,192 |
| Estimated debt service for new bonds | $13,090,898 |
| Maximum maturity date | February 15, 2045 |
| Utility revenue lien limit | $1,000 |