Government
BY NICHAELA SHAHEEN & HANNAH BROL
Montgomery County discusses, lines up next $60M road bond sale Montgomery County commissioners voted Jan. 29 to keep the county’s road bond program moving— approving the paperwork needed to launch the next bond sale and laying out a timeline that could put new construction dollars in precincts by early June. What this means County staff told the court the first round of the road bond program has generated about $130 million so far when combining bond pro- ceeds and interest earnings. Officials said roughly $42.9 million has been spent to date, and the program’s cash balance sits around $87 million. Just under $30 million from the initial issuance still remains unassigned, meaning commissioners still have funding left to allocate. To avoid taking on too much debt at once, staff
Precinct 4 launches free app for residents Montgomery County Precinct 4 launched a new app Feb. 1 in collaboration with Commissioner Matt Gray’s Office, Constable Rowdy Hayden’s Office and Justice of the Peace Jason Dunn’s Office. How it works Through the app, users can receive noti- fications on road closures and emergencies; submit service requests and crime tips; access crash reports as well as civil and class C forms; request a vacation watch; pay tickets; and join or organize a neighborhood watch group.
County road bond breakdown
Total generated*
$130M
Total spent to date $42.9M Program’s cash balance
$87M Unassigned funding from initial issuance $30M
SOURCE: MONTGOMERY COUNTY/COMMUNITY IMPACT
*BOND PROCEEDS AND INTEREST EARNINGS COMBINED said the county plans to split the next borrowing into two $60 million sales instead of issuing $120 million in a single tranche. The specifics The first $60 million issuance is targeted to close in May, and a second $60 million issuance is expected later in 2026. Commissioners also approved a reimbursement resolution meant to keep projects from stalling, allowing the county to cover certain costs upfront if needed and reimburse those expenses later using road bond funds.
Check it out
The Montgomery County Precinct 4 app is available to download for free in Google Play and the Apple App Store.
SOURCE: MONTGOMERY COUNTY PRECINCT 4/COMMUNITY IMPACT
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