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Council hears finance team analysis showing long-term capital gap; options include tax-rate tradeoffs and additional grants
Summary
A financial presentation to the Lago Vista City Council showed a potential medium‑term capital funding gap driven by planned water and wastewater projects, recent debt and conservative revenue assumptions.
A consultant and city finance staff told the Lago Vista City Council that, under current assumptions, planned capital projects and recent debt could produce a multi‑year shortfall unless the city increases debt‑service tax revenue, secures additional grant funding, or reduces planned capital spending.
Thomas, a financial adviser engaged to model tax‑rate and debt scenarios, presented updated projections that included a no‑growth scenario and a hypothetical 7% decline in assessed values followed by 2% annual growth. The model showed that without changes—either higher I&S (interest and sinking) tax collections or supplemental utility transfers—bonding capacity for…
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