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Guadalupe County hears tax-note and bond scenarios; debt service could rise temporarily to fund capital projects
Summary
Samco Capital Markets presented debt scenarios showing how $12M–$20M tax notes or a future larger issuance would affect the county's interest-and-sinking (I&S) tax rate and homeowner bills; commissioners discussed timing, payback lengths and operational costs tied to a possible future jail project.
Guadalupe County Commissioners Court on Sept. 30 reviewed preliminary financing scenarios from Samco Capital Markets showing how tax-note or bond issuances could support capital projects while affecting the county's I&S (debt-service) tax rate.
Samco representative Duane Westman told the court the county's taxable assessed value has averaged about 8% growth over the past decade and that current county debt is scheduled to be paid off in 2027. He presented modeled impacts for $12 million, $15 million and $20 million tax notes (7-year payback) and a larger, hypothetical $150 million issuance, using conservative interest-rate assumptions (about 4% for short notes and 5.25% for the large-issue example).
Those scenarios showed a possible one-cent to three-cent increase in the I&S portion of the tax rate in early years under a $15 million tax-note plan, with the rate declining thereafter as principal was repaid. Westman and commissioners framed the…
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