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Commissioners approve ordinance to begin 2025 new-money bond issue, staff outline $169M–$169M+ plan
Summary
Montgomery County commissioners approved an ordinance authorizing staff to begin work on a new-money general obligation bond issue to fund 2025–26 capital projects, with staff describing roughly $169 million targeted for three series and an expected true interest cost near 4%.
The Montgomery County Board of Commissioners voted Jan. 9 to approve an ordinance authorizing staff to proceed with a new-money general obligation bond issue to finance capital projects in 2025 and 2026.
CFO Dean Duarte presented the structure and timing: three series totaling about $169 million in proceeds — an approximately $150 million tax-exempt series for general capital projects (excluding roads and bridges), a roughly $15 million tax-exempt series dedicated to roads and bridges, and a smaller taxable series of about $4 million for the county’s economic development loan program. Duarte said preliminary modeling…
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