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Ennis Daily News

Road options growing

Ennis Daily News file photo / E. Lake Street, one of a number of roads in town that are in need of repair, shows its scars after rains in this file photo. A new outlook on city bond sales could provide millions for road work over the coming decade.

Nick Todaronick@ennisdailynews.com

Ennis could possibly raise $19.2 million for street repair work over the next 10 years without raising taxes to fund the work.

City Manager Steve Howerton recently revealed to commissioners that by maintaining a constant annual general obligation debt service level and refunding and restructuring existing debt, Ennis can produce enough capital over then next decade to knock out more than half of the $30-million-plus road work schedule currently on the table.

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Posted by on Dec 29 2011. Filed under City news, News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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