General Obligation Bond Issuance (CB-130-2026)
Prince George's County
Summary
The county is borrowing up to $751 million plus $152 million in stormwater bonds to pay for capital projects in the FY 2026 budget. The county's full faith, credit, and taxing power back the debt.
At a glance
- Total mentions
- 7
- Last 30 days
- 0
Discussed at 2 meetings in the last 60 days; most recently Sep 29, 2026.
Impact analysis
Up to roughly $904 million in new bond debt plus $904 million in possible short-term notes, repaid through county taxes and Clean Water Act fees.
Residents gain funded capital and stormwater projects across the county.
Taxpayers bear the long-term debt service on the bonds.
Mentions & discussions (7)
County Council - Sep 29, 2026
The county was considering authorizing up to $788.6 million in general obligation bonds and $161.5 million in stormwater bonds to fund capital projects, plus up to $950 million in bond anticipation notes. This is the borrowing that pays for roads, buildings, and clean water work — backed by county taxes.
Committee of the Whole - Sep 29, 2026
CB-130-2026 would let the county borrow up to $788.6 million for capital projects and $161.5 million for stormwater projects, backed by the county's taxing power. This is the financing behind next year's capital budget.
Government Operations and Fiscal Policy Committee - Sep 24, 2026
The committee backed multi-year financing for emergency communication equipment and public safety vehicles, moved capital funds to the District VI Police Station, and added money for public safety infrastructure upgrades.
County Council - May 26, 2026
Five bond bills totaling over $412 million would let the County borrow for community college, roads, buildings, libraries, and public safety — but only if voters approve them on the November 3, 2026 ballot.
County Council - Apr 28, 2026
The county is borrowing up to $751 million plus $152 million in stormwater bonds to pay for capital projects in the FY 2026 budget. The county's full faith, credit, and taxing power back the debt.
County Council - Mar 31, 2026
The council was scheduled to consider authorizing up to $751.4 million in general obligation bonds and $152.5 million in stormwater bonds to fund capital projects, plus over $900 million in bond anticipation notes. This is the county's main borrowing tool for building and infrastructure.
Government Operations and Fiscal Policy Committee - Mar 12, 2026
The county was set to consider borrowing up to $751.4 million in general obligation bonds and $152.5 million in stormwater bonds to pay for capital projects in the fiscal 2026 budget. These bonds are repaid over decades through county taxes, so the decision shapes long-term debt service.
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