Walker Partners was Selected by the City of Waco to Design their Portion of the Ritchie Road Project
The Hewitt City Council could issue a bond between $4 million and $6 million in coming months in a move that would increase taxes as city leaders eye road projects and the need for a new fire truck.
City Manager Adam Miles said if the tax rate was increased about 3.5 cents, from 53.9677 cents per $100 valuation to about 57 cents per $100 valuation, the average homeowner would pay an added $4.33 per month, or nearly $52 a year. If the city opted for a $6 million issuance, the tax rate would need to be increased to 59 cents per $100 valuation, which would increase the average Hewitt homeowner’s bill by $6.50 per month, Miles said.
Mayor Pro Tem Ed Passalugo said the council needs to decide soon how it wants to handle potential certificates of obligations.
“We don’t want to fool ourselves. (Work on) Ritchie Road is going to happen,” Passalugo said. “We need to be ready.”
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Posted on Tue, September 19, 2017
by Walker Partners