The Court approved raising the amount of non-voted commercial paper each commissioner precinct can access every two years from $15 million to $20 million, starting in the current fiscal year 2026 period.

What it means for you

Each of the four commissioner precincts will have access to up to $20 million in short-term borrowing authority per two-year cycle instead of the previous $15 million cap.

Outcome

A motion was made by Commissioner Ellis, seconded by Commissioner Garcia, to increase the biennial allocation of non-voted commercial paper to the commissioner precincts from $15M to $20M, effective with the current FY26 period. The motion carried by the following vote: (4-0)

How each member voted

4–0, per the official record.