In a nutshell
On Dec. 2, council adopted the resolution authorizing publication of a notice of intention to issue city of Buda combination tax and limited revenue certificates of obligation, or COs, Series 2026.
Officials said in a news release that the vote does not sell the bonds but does begin the required legal process to move toward a future sale.
The cost
Council’s fiscal year 2025-26 budget, adopted Sept. 16, anticipates issuing $28.07 million in COs to support projects in the 2025-30 Capital Improvement Plan.
According to city documents, about $13.5 million would be backed by property taxes for park-related improvements, and $14.6 million would be used for and supported by water and wastewater utility revenue.
Digging in
City officials said planned park improvements will include:
- Buda Sportsplex upgrades: $11.3 million
- City park Phase 2: $1.4 million
- City park playground replacement: $850,000
- Reuse water system expansion: $1.8 million
- Old Black Colony water storage facilities: $2.2 million
- FM 2770 12-inch waterline: $1.5 million
- Bradfield/Lifschutz 12-/16-/18-inch gravity interceptor expansion: $3.6 million
- Railroad crossing replacement line: $450,000
- FM 2770 wastewater line: $4.2 million
- Wastewater treatment plant digester rehabilitation: $800,000
City officials anticipate issuing the COs in March, depending on market conditions and completion of public notice requirements. The plan also calls for refinancing some existing bonds to seek lower interest rates.
