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Trophy Club council approves notice of intent for 2025 certificates of obligation; estimated tax-rate impact modest
Summary
Council approved a notice of intent to issue combination tax and revenue certificates of obligation (Series 2025) to preserve the town’s ability to borrow for capital projects; staff said issuance would likely raise the I&S tax rate from 0.099427 to about 0.1031 if issued and would fund streets, sidewalks and a maintenance shop remodel.
The Trophy Club Town Council on June 23 voted to approve a notice of intent to issue combination tax and revenue certificates of obligation, Series 2025, a procedural step that preserves the town’s ability to borrow for capital projects later this summer.
April (staff member) presented the proposal and described the action as “a required legal formality that initiates the public notice process” and emphasized that the notice itself “does not authorize the issuance of debt at this time, but…
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