Government
BY JESSICA SHORTEN
Montgomery County to pursue $480M road bond in May
Looking ahead
If the bond measure is approved by voters, the soonest commissioners will be able to receive bond funds is August, Robuck said. The first issuance would give each commissioner $30 million to work with through the end of 2025. County officials said public hearings will be scheduled in the near future to present projects to the public. Budget Director Amanda Carter said the county set up a question line for all public inquiries regarding the bond to prevent commissioners from violating the Texas Open Meetings Act. Questions can be sent to roadbond25@mctx.org, and they will be directed to the appropriate commissioner.
Montgomery County commissioners unanimously agreed Feb. 11 to pursue a $480 million road bond in May—the first bond initiative the county has put forth since 2015. During a special workshop on Jan. 31, commissioners received information from the county’s bond financial advisor John Robuck and bond counsel Marcus Deitz, who outlined three options for a May bond initiative. The presentation included options for no tax rate impact, a $0.005 tax rate increase and a $0.01 tax rate increase. Commissioners agreed to pursue the $480 million bond scenario officially on Feb. 11, which would have no impact on the county’s debt service tax rate if it is approved by voters May 3.
Bond scenarios considered Bond scenario 1: $450M-$480M • Tax rate impact: No increase • Amount per precinct: $120M
Bond scenario 2: $600M • Tax rate impact: $0.005 increase per $100 valuation • Amount per precinct: $130M-$160M Bond scenario 3: $750M • Tax rate impact: $0.01 increase per $100 valuation • Amount per precinct: $175M-$200M
SOURCES: MONTGOMERY COUNTY, BOK FINANCIALS/COMMUNITY IMPACT
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CONROE - MONTGOMERY EDITION
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