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Maverick County court authorizes $7 million tax notes to fund road, facility repairs
Summary
After legal and financial briefings, the Maverick County Commissioners Court voted unanimously to authorize a $7 million tax-note issuance to finance local road and facility projects; officials said the structure would not raise the county tax rate.
Maverick County's commissioners court unanimously approved a resolution authorizing a $7,000,000 tax-note issuance on Nov. 12, 2024, after receiving legal and financial guidance that the county may issue tax notes without increasing its tax rate.
The vote followed a legal briefing from bond counsel and a financial presentation on the county's capacity to service short-term debt. Bond counsel told the court that, as cited in the meeting, the Local Government Code provisions discussed do not bar tax-note issuance even after a failed bond election and that the county obtained confirmation from the Texas Attorney General's office earlier in the year on…
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