Commissioners approve $10M fund-balance commitment and new debt policy
The court rescinded a 2023 fund-balance commitment and approved a new $10,000,000 commitment itemizing seven priorities, and adopted a debt policy that sets a minimum debt service coverage ratio of 1.15 and requires maintaining at least 15% of annual debt service.
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The Commissioners Court rescinded the fund balance commitment dated Sept. 11, 2023 and approved a new fund-balance commitment effective Sept. 23, 2024 naming seven specific priorities totaling $10,000,000.
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