The Janesville City Council unanimously approves issuing $27.1 million in promissory notes in 2016.
City Council President Sam Liebert says although it sounds like a lot of debt, the cost to the average homeowner is only about $17 a year.
Over the previous five years the City issued an average of $14.7 million in promissory notes.
The debt approved Monday night includes $19.5 million in new debt, and $7.5 million to refinance old debt at a better interest rate.
