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Hewitt council debates state bills that would limit municipal spending and borrowing; staff told to prepare budget options
Summary
Council members spent an extended May 5 briefing reviewing two pending state bills — House Bill 5267 (limits on annual municipal expenditures) and House Bill 19 (restrictions on certificates of obligation and additional debt) — and instructed staff to prepare a budget-amendment resolution and invite a bond advisor to the next meeting.
Hewitt City Council members spent more than an hour May 5 discussing two pieces of pending state legislation they said could sharply restrict how the city spends existing revenues and issues local debt.
Staff presented two bills and spelled out likely effects: House Bill 5267 (described at the meeting as limiting annual municipal expenditures by reference to measures such as a Consumer Price Index, inflation rate and population growth) and House Bill 19 (described as restricting issuance of certificates of obligation and limiting new debt such that annual debt…
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