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Montgomery County OK's selling next round of road bond funds

Montgomery County Commissioners Court on Oct. 8 approved selling $35 million in bonds that will pay for roadway projects through next summer.

The background: Voters in May 2025 authorized a $480 million road bond expected to fund 76 transportation projects. It was the first road bond in a decade to handle the population growth the county has seen and will continue to see.

Some context: County finance officials said this round of bond sales is the smallest the county will make since interest rates have climbed higher than were projected.

John Robuck, who consults the county on investments, said this round is expected to give the county enough money for road projects through June with the hope that interest rates will settle down by then. The county currently has $57 million in the bank for road bond projects.

“National debt, the Iran conflict and inflationary fears have pushed interest rates up a lot higher than we projected,” Robuck said.

 
Around Town
Harbor Health to acquire 27 Village Medical clinics

Texas-based healthcare company Harbor Health is acquiring 27 Village Medical clinics in Greater Houston.

The overview: The two groups have signed an agreement, and the transaction is expected to close at the end of the year.

Key details of the acquisition include:

  • The clinics span locations in Brazoria, Fort Bend, Harris and Montgomery counties.

  • Village Medical will continue to operate under its name, and clinic patients do not need to take any action.

  • The clinics will continue to accept their current insurance plans.

  • After the acquisition, Harbor Health will operate nearly 70 clinics across Texas.

The details: Harbor Health plans have no deductible, and referrals are covered at no cost. Enrollment for Harbor's individual and family plans will begin Nov. 1, with coverage effective Jan. 1. Large employer plans are also available.

 
Across The Region
Entergy Texas names David Borde new president and CEO

Read all about it: Entergy Texas announced that David Borde has been named its new president and CEO, succeeding Eliecer Viamontes, who left the company. The change was effective Oct. 5. Borde joined Entergy in 2009 and has served as the director of corporate development based in Texas, vice president of investor relations, and vice president of utility strategy and regulatory initiatives. His previous experience includes working in the investment banking division of Citigroup USA and as a lawyer at Simpson Thacher & Bartlett. Entergy serves portions of Texas, including Montgomery County and a small part of Harris County, with headquarters in The Woodlands and Beaumont.

What they're saying: "David has extensive experience in utility strategy, regulatory affairs and utility finance, along with his deep understanding of our business and customers," Entergy Chair and CEO Drew Marsh said. "He is a thoughtful and proven leader, and he will build on the strong foundation in Texas while advancing our commitment to providing safe, reliable and affordable energy to the communities we serve."

 
Before You Go
Property tax increases, Plum Grove expansion wraps up: 9 trending stories from across the North Houston area
 
CI Texas
Texas comptroller to review finances of 4 school districts, including Austin and Prosper ISDs

The Texas comptroller's office is reviewing the finances and spending decisions of four public school districts: Austin, El Paso, Prosper and Barbers Hill ISDs.

The overview: The review was requested by Gov. Greg Abbott in August and will identify whether schools are directing taxpayer dollars toward students, teachers and classrooms over administrative costs, according to information from the two state agencies.

Zooming in: For the 2024-25 school year, the Texas Education Agency gave the selected districts the following financial ratings:

  • Austin ISD: B rating; score of 88 (about 69,000 students)

  • El Paso ISD: A rating; score of 92 (about 46,000 students)

  • Prosper ISD: A rating; score of 94 (about 33,000 students)

  • Barbers Hill ISD: A rating; score of 100 (about 8,000 students)

More details: Austin and Prosper ISDs are in Community Impact's coverage areas. According to previous reporting, Austin ISD passed an $887 million general fund budget for fiscal year 2026-27 after making $205 million in gross cuts this summer. Prosper ISD adopted a budget with an expected $42.2 million shortfall.

 

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