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County staff urges action on debt issuance schedule to meet roof contract deadlines
Summary
Taylor County finance staff outlined debt-issuance timing and the county’s shrinking general fund balance, urging the court to publish a notice of intent so debt can be issued in time to meet contractor schedules for a county roof project.
County finance staff briefed Taylor County Commissioners Court on the county’s recent revenue, expense and debt picture and recommended the court act at its next session to publish a notice of intent to issue debt so funds will be available in time for scheduled capital work.
Finance staff provided multi-year charts showing general fund revenue is roughly 85 percent composed of property taxes and that available fund balance has declined to its lowest point in five years. Staff noted that rising expenses and the use of American Rescue Plan Act (ARPA) funds for capital projects have reduced the county’s flexibility.
On debt timing, staff cited a schedule from Hilltop Securities that would require a notice of intent…
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