Montgomery County looks to begin $8M in early bond projects

Montgomery County commissioners will bring forward a resolution in June to begin work on the $480 million in bond projects that was approved by voters May 3.

What you need to know

Budget Director Amanda Carter on May 27 presented a plan allowing commissioners to fund 2025 road bond projects through a mix of existing county funds as well as commissioner road and bridge funds.

Under the resolution, Carter said she recommended a budget amendment for $8 million, which would equal $2 million for each commissioner precinct to use as needed while awaiting bond funds. Carter said the county would be reimbursed once bond funds are received, which could be as early as late July, according to prior Community Impact coverage.

Carter said the reason there would only be $8 million to start is to ensure the county does not suffer any negative impact to its internal bond ratings, which according to the Moody's bond rating system is a AAA rating. Carter clarified that commissioners would also be able to use their road and bridge budgets and be reimbursed later from bond funds.

Next steps

Commissioners agreed unanimously to bring back a resolution June 10 to allow for the county to begin preliminary work on shovel-ready projects countywide.