The largest bond package in Hays County history will be on the ballot in November.
Commissioners in the central Texas county voted last week to ask voters for $207 million of general obligation bonds to finance road improvements.
Voters in May 2007 turned down the county’s request for $173 million of GOs for a similar road package. A controversial road-widening project to be financed by the rejected bonds is not in the current proposal.
The county could receive up to $133 million from the state if traffic on the upgraded roads reached increased levels over several years under an agreement with the Texas Department of Transportation.
If the bonds are approved, the county’s current property tax rate of 45.5 cents per $100 of taxable value would go up slightly more than 4 cents, or about $60 more a year for a home valued at $150,000.
Hays County’s GOs are rated Aa3 by Moody’s Investors Service and AA by Standard & Poor’s.
