The details
According to a March 31 Facebook post from Commissioner Matt Gray's Office, the event will be held April 2 from 6-7 p.m. at the EMC Community Development Center, located at 16401 First St. in Splendora. The event will be an open house-style event, during which residents can interact one-on-one with representatives to ask bond-related questions and offer feedback. Questions and feedback can also be submitted via email at [email protected].
How we got here
On Feb. 11, Montgomery County Commissioners Court unanimously approved putting a $480 million road bond on the ballot for the May 3 election—the first county bond in 10 years. If approved by voters, each of Montgomery County's four precincts would receive $120 million to complete projects within their precincts, and bond funds would be issued annually through 2029.
As previously reported by Community Impact, a total of 76 bond projects have been announced for Montgomery County, including 18 projects in Precinct 4, which encompasses East Montgomery County. For a complete list of Precinct 4 projects, click here.
The funding source
John Robuck, managing director at BOK Financial Securities—the county's bond counsel—previously said the bond initiative should not result in a property tax increase if approved by voters. Robuck said this is because the county has lowered its debt service over the last several years to allow for the issuance of $120 million a year in debt using the county's current funding collections.
What's next?
Early voting for the May 3 election runs April 22-29, and the last day to register to vote is April 3, according to the Texas Secretary of State's Office. For more information about voting in Montgomery County, click here.
Jessica Shorten contributed to this report.
