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


Existing development along FM 110 could generate as much as $60.7 million in county property tax revenue over the next quarter century, consultants told the Hays County Commissioners Court this morning.

County officials hope to fund the 13¼-mile eastern loop by dedicating some or all of ad valorem tax collected from property owners along the parkway to paying the $48 million estimated construction cost.

Assuming no tax rate increases but a seven-percent increase in appraised values, a so-called Transportation Reinvestment Zone along FM 110 would capture $20 million to $60.7 million in county property taxes depending on how much land the zone encompasses, said Travis Jones of Austin-based public policy consulting firm TXP Inc. The firm was also commissioned to study how much property tax revenue the city of San Marcos could collect from a similar reinvestment zone along FM 110; that analysis is not completed yet.

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16 thoughts on “Consultants forecast $60 million in FM 110 tax revenue [PRO]

  1. Excellent. Let’s get it built. Brad, can you post the map that is in the background of the title graphic?

  2. If it cost $48 mill to build plus $12 mill in ROW and engineering for a total of $60 mill (not inclu interest), then the County breaks even?

  3. IF the county maintains a 7% AGR for the for next 25 years AND applies the largest possible TIRZ, we’re still looking at $10-15 million in interest. Still preferable to road bonds.

  4. Lila’s break-even scenario assumes the city of San Marcos contributes nothing. And it doesn’t account for the other road projects across the county that would be moved up in TxDOT’s queue as a result of the larger deal.

  5. If one subscribes to the “build it and they will come” theory then this project is a natural. It is the placement of infrastructure and the encouragement of growth away from the Edwards Aquifer on the west side of I-35. It will provide relief for the congested intersections of Hwy 80 and Hwy 123 at I-35. It will enhance access to SH 130 by getting vehicles onto Hwy 21 more easily. Loop 110 will provide an alternate route around San Marcos if an accident blocks I-35 and provides a much needed bridge across the San Marcos river on the east side.

    I’m encouraged that there is some momentum to get it completed and I hope we can keep it up.

  6. Griffin, I think one of the unknowns is that they don’t know the details yet about how the “loan” by TxDOT to Hays County will be structured i.e. they don’t know what the interest rate will be, etc. TRZs are relatively new so there isn’t a lot of precedent for how this arrangement is going to work. One of the pitfalls/benefits of being on the forefront of something is that rules evolve with the situation.

  7. That’s a good point. Any idea on when the info about the Hays-TxDOT deal is going to be released? Also, is there any news on the Caldwell portion? It’s probably hoping for too much, but a TRZ for that section might also bring in more funding.

  8. There is a list of all the existing TIRZs on the State Comptrollers website. More than 2 dozen of them. Sometimes you have to get outside your own bubble.

  9. Guess the Comptroller did a bad typo then. But hey – she’s a Republican. So what can you expect? LOL
    Check it out Brad. You ARE a reporter, are you not?

  10. I noodled around on the comptroller’s web site and could find no examples of her mislabeling a TIRZ (Tax Increment Reinvestment Zone) as a TRZ (Transportation Reinvestment Zone) or vise versa. Lila, perhaps you could post a link to assist Brad in his research. I’m sure he’s eager to get outside his own bubble. LOL.

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