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Advisers outline $60M'$100M road-bond options; county told possible small homeowner impact
Summary
Financial advisers presented three phased road-bond scenarios and tax-rate impacts for Caldwell County, citing conservative growth and interest assumptions; advisers warned the call deadline for a November ballot is Aug. 19 and bonds, if approved, would not be sold until early 2025.
Financial advisers told the Caldwell County Commissioners Court on June 11 that the county could place a phased road bond before voters this fall and that, under conservative assumptions, the fiscal impact on an average homeowner would likely be small.
Jennifer Ritter of Specialized Public Finance, the county's adviser, outlined three illustrative bond packages ' $60 million, $80 million and $100 million ' structured as $20 million tranches issued annually. She described legal differences between maintenance & operations taxes (M&O) and interest & sinking (I&S) taxes and said the county can use M&O for pay-as-you-go capital but I&S is restricted to debt service. "The…
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