With more proposed projects than available funds, the Azle City Council may call on a fair-weather friend for some extra cash. The name’s bond — electoral bond.
The city of Azle is seeking solutions to pay for a number of high priority improvements to city services. During a June 17 workshop at City Hall, Azle City Manager Tom Muir spoke with the city council and administrators to discuss different methods to pay for at least some capital improvement projects out of $80 million in requests. In an accompanying story, The Azle News discussed one option: decreasing the city’s required minimum general fund balance from 33% of the city’s expenditures to 25%. Even with a decrease in the minimum general fund, the city would have to take on debt in order to finance many of its costlier proposed projects.
Muir asked Finance Director Stephen Barnes to speak about the different options available to the city and to develop ways to tackle debt in the future.
