Perennially looking for a way to fund a long-anticipated eastern loop around San Marcos, the Hays County Commissioners Court continues to consider an arrangement that would dedicate a portion of county property tax revenue collected from eastern San Marcos to paying back TxDOT for the highway.
When completed, the 13¼-mile route of FM 110 is expected to ease congestion on overloaded eastside thoroughfares like Texas 80 and Texas 123 and also spur development in eastern San Marcos. Before the state will front $48 million to cover the cost of constructing FM 110, county officials say, TxDOT brass wants Hays County and the city of San Marcos to designate some of the proceeds from increased property values surrounding the road toward making debt payments on getting it built.
A Transportation Reinvestment Zone “is just one of the innovative tools available to us to help fund much-needed transportation improvements in Hays County, since state and federal transportation funds are so limited,” Pct. 1 Commissioner Debbie Gonzales Ingalsbe said.
The county will hold a public hearing on its proposed Tax Reinvestment Zone at 10 a.m. Tuesday, Sept. 17 at the commissioners courtroom on the third floor of Old Hays County Courthouse, 111 E San Antonio St. in downtown San Marcos.
The current proposed configuration of the TRZ would take in 29-square-miles covering most of San Marcos east of Interstate 35 as well as outlying, adjoining unincorporated areas of Hays County. None of the TRZ would spill into nearby Caldwell or Guadalupe counties.