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Georgetown Council approves roughly $72 million utility bond package after debate over water rates and oversight
Summary
Georgetown City Council on Monday approved a Series 2025A water and sewer revenue bond ordinance authorizing roughly $72 million in borrowing to refinance prior notes and fund water and sewer system upgrades including AMI metering and a south-side storage tank.
Georgetown City Council on Monday approved a Series 2025A water and sewer revenue bond ordinance authorizing approximately $72,030,000 in bonds to refinance outstanding utility debt and to finance a range of water and sewer system improvements.
Council members voted 6–1 in favor of the measure after a public discussion in which residents and one councilor flagged concerns about water rate increases and transparency at the municipal utility. Councilmember Crisp cast the lone no vote.
Why council acted: The ordinance bundles refunding of prior notes with construction and equipment financing, including a south-side storage tank and distribution improvements, upgrades to the city’s metering system (advanced metering infrastructure or…
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