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.