Montgomery County commissioners moved Jan. 29 to keep the county’s road bond program moving—approving the paperwork needed to launch the next bond sale and laying out a timeline that could put new construction dollars in precincts by early June.
What this means
County staff told the court the first round of the road bond program has generated about $130 million so far when combining bond proceeds and interest earnings. Officials said roughly $42.9 million has been spent to date, and the program’s cash balance sits around $87 million. Just under $30 million from the initial issuance still remains unassigned, meaning commissioners still have funding left to allocate even as they prepare the next borrowing.
To avoid taking on too much debt at once, staff said the county plans to split the next borrowing into two $60 million sales instead of issuing $120 million in a single tranche. The first $60 million issuance is targeted to close in May, with staff expecting to bring allocations back to commissioners the first week of June. A second $60 million issuance is expected later in 2026, with October to November discussed as the likely window.
