Harris County has strong credit so property tax increases resulting from the bond will be...
The Castlewood subdivision in northeast Harris County was one of many neighborhoods blighted by Hurricane Harvey’s torrential rains. Five years later, thanks to the $2.5 billion 2018 flood control bond that Harris County voters approved, Castlewood has transformed.The Castlewood subdivision in northeast Harris County was one of many neighborhoods blighted by Hurricane Harvey’s torrential rains. One too many floods inundated the shallow drainage ditches and cracked the asphalt streets.
Every six to eight years, the county asks voters to authorize leveraging its strong credit — an AAA rating, according to Moody’s, S&P, and Fitch rating agencies — to issue debt for investments into improving county infrastructure.
If voters approve the 2022 bonds, each county precinct will receive a baseline of $220 million worth of funding, though some will receive more based on the “worst-first” criteria the county has adopted to prioritize projects based on the number of people they benefit. More importantly, the bond program fills real needs. The $100 million for public safety will help build new substations for sheriff’s deputies and constables working in substandard, asbestos-riddled facilities and fund additional courtrooms and data systems for court management and crime prevention.The $900 million infrastructure bond will help repair the nearly 600 miles of Harris County roads categorized as in “poor” or “failed” condition.
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