Williamson County sells road, park bonds at lowest rate since 1956

Williamson county
Williamson County received a AAA bond rating for its 2019 bond. (Ali Linan/Community Impact Newspaper)

Williamson County received a AAA bond rating for its 2019 bond. (Ali Linan/Community Impact Newspaper)

Williamson County sold approximately $348 million in bonds for road and park improvements on Jan. 22 at the lowest rate since 1956, according to a news release.

The county obtained a AAA bond rating, which resulted in a 2.32% interest rate for road bonds, County Judge Bill Gravell said in the release. Williamson County is one of eight counties in Texas and 101 counties in the United States to receive a AAA rating, the highest possible, the release said.

"According to Bloomberg, the last time the interest rate was this low was in 1956 when Dwight D. Eisenhower was president and Elvis Presley released his second studio album," Gravell said.

Voters approved the sale of $412 million in bonds for roads and $35 million for parks in the November 2019 election.

In addition to selling road and park bonds, Williamson County refinanced approximately $11.6 million in Limited Tax Refunding Bonds, Series 2020, which resulted in a savings of $917,203, the release said. Over the course of the bond program since 2004, refinancing debt has saved more than $78 million, and the county has paid down $38 million of debt, it said.

“We work hard in Williamson County to be great stewards of our citizen’s money," Gravell said. "This AAA bond rating enables us to get the best possible interest rates so that we are able to do more with our tax dollars."

The ratings reports are available on the county’s website, www.wilco.org, on the county auditor’s office debt information page.
By Ali Linan

Ali Linan began covering Georgetown for Community Impact Newspaper in 2018. Her reporting focuses on education and Williamson County. Ali hails from El Paso and graduated from Syracuse University in 2017.


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