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Uvalde County staff say debt modeled at 3.5%–5%; resident faults commissioners for adding burden
Summary
At a Uvalde County meeting, a staff member said county debt-service modeling used a 3.5%–5% interest range and that the county would provide funds when due; a resident criticized commissioners for increasing citizens' financial burden and cited Section 77,506, C.
A staff member at a Uvalde County meeting said the county modeled debt-service costs using an interest-rate range of 3.5% to 5% and that the county would provide funds when they were due. A resident responded by criticizing commissioners for adding financial strain on citizens and invoked a legal provision identified in the transcript.
“We model all these numbers at a rate of 3 and a half to 5% interest rate, so this comes in below all of our proposed, modeling that we did for this issue. To the 5 numbers, we'll have…
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