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County consultants warn San Patricio Navigation District lacks revenue; commissioners briefed on tax option
Summary
Consultant David Wendel told the San Patricio County Commissioner's Court that Navigation District No. 1 is running operating losses, faces near-total depreciation of assets and will need new revenue or structural change to fund about $6 million in projected repairs and improvements.
David Wendel, a financial consultant retained to review Navigation District No. 1, told the San Patricio County Commissioner's Court on Tuesday that the district has experienced “consistent operating losses” and that its capital assets have largely been depreciated.
Wendel said the district is projecting about $6 million in needed improvements over the next several years and estimated an unaudited ending fund balance for 2024 of roughly $417,000. He said the balance is declining and, under the preliminary 2026 budget presented, could drop to about $132,000.
“The current capital assets are nearly completely depreciated,” Wendel said, adding that relying on grants alone would be unlikely to cover the full scope of work the district lists. He told the court that one of the options is levying a maintenance tax under…
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