Government
Council approves bonds for improvements Parks and town improvements will be coming to Trophy Club after its Town Council approved an ordinance authorizing the issuance of certificate of obligation bonds of $7 million Aug. 14. Current situation The vote was 4-1 with Mayor Pro Tem Dennis Sheridan opposing. Council members Stacey Bauer, Jeff Beach, Steve Flynn and LuAnne Oldham supported the measure. Council awarded the bid of certificates of obliga- tion to BOK Financial, which has an office in Dallas. What they’re saying Sheridan said it was “ridiculous” for the council to give staff a “fluff fund” of $7 million in a bond bank account. Flynn said council had already given direction to staff about the matter before and he didn’t see the sense in turning against the direction.
Budget includes more for staffing, salaries Increased staffing and salary adjustments are why Roanoke’s budget will increase as City Council approved the fiscal year 2023-24 budget and tax rate Aug. 21. Zooming in The budget shows an increase from last fiscal year. • The tax rate is $0.308039 per $100 valua- tion, down from last year’s $0.339779 rate, a 9.3% decrease. • The budget is $28.5 million, up from last year’s $25.3 million. What they said “The city of Roanoke remains in a very strong financial position,” City Manager Cody Petree in an email.
Where will the money go? Trophy Club Town Council voted to approve issuing of a $7 million bond to improve various spaces from parking areas to roadways.
Parking lots at town hall
Renovating parks and green spaces
Improving sports fields
Expanding streets and sidewalks
Street lighting
SOURCE: TOWN OF TROPHY CLUB/COMMUNITY IMPACT
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