The board will submit the proposal to the Department of Local Government Finance where it will be finalized.
The bond will help pay for improvements to the city's sanitation system in order to meet federal mandates set by the Clean Water Act.
The council is seeking ways to eliminate expenses and build up a cash reserve as the city attempts to decrease a more than $8 million deficit.
Terre Haute officials will support ISU's plan to spend $37.5 million in state money on renovating its basketball arena without waiting for a larger project.
Last week, council members tabled a vote on a jail proposal after three hours of public comment. A new meeting date for the vote has not been set.
Vigo County taxpayers will have to wait a little while longer to see if they’ll have to pay a higher local income tax to help fund a new jail.
Vigo County residents gathered Thursday evening for a public forum to discuss plans for a new county jail.
The meeting was the first opportunity for residents to give feedback on a proposed budget plan to help eliminate a more than $8 million deficit.
The three Vigo County high schools are in need of renovations, and some say new buildings might even be necessary.
High schools in Vigo County held open houses Tuesday evening to show residents what challenges the administrators are up against.