Both of those would require voter approval. Finance Director Silvia Amparano said Tucson has a rougher time than other cities when it comes to taking out general obligation bonds because of its restrictive charter. Thats why the city relies on non-voter-approved debt to finance projects, she said. The debt talk arose out of Councilman Steve Kozachiks desire to limit the citys use of certificates of participation (COPs). COPs require only a majority vote of the council and are paid back from same fund as roads, police and parks. The city owes about $260 million in COPs debt. COPs has been used to finance projects, such as the crime lab and streetcar, and to cover budget deficits.
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