Texas counties can now issue bonds to boost infrastructure – – KTEN

BONHAM, Texas (KTEN) — Last week, Texas voters approved eight constitutional amendments. One of them gives counties the authority to issue bonds for transportation or infrastructure projects, something cities and towns can already do.

“Counties said, ‘Hey, we want in on the deal because we have issues we need to deal as well that fit that particular category for infrastructure improvements,'” said State Rep. David Spiller (R-District 68).

Fannin County Judge Randy Moore believes the newly approved amendment may help commissioners save taxpayers money.

“To have something else in their toolbox where they can go, they can grab and say, ‘Okay, we can’t afford this out of our funds because we don’t have property taxes to do this, but we have very little in the way of bonds already,’ so it would not add that much of a burden to taxpayers,” Moore said. “That allows counties to be able to — if they needed to — borrow money to go out and do road improvements and such.”

Moore added that he hopes Texas lawmakers will expand what counties can issue bonds to help pay for.