The county plans to spend down its borrowed money, a move that could deal the final blow to some projects from the previous administration.
Can you help us by taking a few minutes to fill out a survey? Your answers will give us critical insight into what you expect from the San Antonio Report. Bexar County leaders are considering a potential moratorium on issuing new debt for the next 18 to 24 months in an effort to protect the county’s AAA bond rating.“For an abnormally long period of time interest rates have been very low, so in a sense, it made sense to borrow,” Smith told commissioners at Tuesday’s work session.
The idea of pausing that list drew some skepticism from Commissioner Tommy Calvert , who has been fighting to get the ball rolling on two high-profile projects in his precinct, and who framed the capital projects as a critical tool for the county to expand its tax base. Smith replied that “nothing is coming in as budgeted” right now, and his office will indeed have to model the rising project costs in its debt management plan.
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