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CFO: bond passage shifts $82 million to debt; town must balance maintenance and operations
Summary
Flower Mound CFO John Zegerski told the CDC the recently passed bond will move about $82 million of park work to debt, but operational costs are rising and SB 2 limits revenue growth to 3.5% annually — meaning a future voter-approved revenue election may be required to sustain services.
Flower Mound Chief Financial Officer John Zegerski told the Community Development Corporation Tuesday that the town’s recently approved bond package shifts a large share of park capital to debt while the town faces rising maintenance and operating costs.
"With the passing of the bond program, we are shifting — I mean, for parks in particular, we shifted $82,000,000 to debt, that can be funded over the next five years without increasing the tax rates," Zegerski said. He said the move allows construction of projects without immediately raising rates but that the town must also address ongoing maintenance, staffing and contract costs.
Zegerski described a set of fiscal constraints facing the town, noting the 2019 state law commonly called…
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