San Marcos Mercury | Local News from San Marcos and Hays County, Texas

by BRAD ROLLINS

If Hays County and its partners’ multimillion-dollar bid to buy a water system is approved this month, officials say taxpayers in San Marcos, Kyle and elsewhere in the county won’t be footing the bill for Dripping Springs’ water.

In a special meeting Dec. 21, the Hays County Commissioners Court voted to join the city of Bee Cave and West Travis County Municipal Utility District No. 5 to form a public utility agency, which is both the second such agency of its type in Hays County and the second anywhere in Texas. Hays County officials say they will use the agency as a funding vehicle to buy the West Travis County Water and Wastewater System from the Lower Colorado River Authority. LCRA’s board isn’t scheduled to vote on selling the system to Hays County and its partners until Jan. 17, but all public signs indicate that things are moving in that direction.

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One thought on “Hays County dives into water business

  1. TAXPAYER BEWARE!!

    “the newly minted PUA will borrow money to pay off the debt through revenue bonds – pledging income from future retail and wholesale water sales to retiring the debt.”

    It is unlikely that the bond market will lend this newly created utility $140 million dollars unless the County agrees to “cosign” the note pledging property taxes as backup.

    While their intentions may be that the system pays its own way, if the venture fails to produce the revenue, general fund taxes will be used to keep the utility from defaulting.

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