Discuss and consider the approval of an ordinance authorizing the issuance of City of New Braunfels, Texas Tax Notes, Series 2026; levying an ad valorem tax in support of the notes; awarding the sale of the notes; approving an official statement, a paying agent/registrar agreement and other agreements relating to the sale and issuance of the notes; and ordaining other matters relating to the issuance of the notes.

Staff Report & Agenda Item Details

Mayor French read the aforementioned item. Jared Werner presented this item to council using a powerpoint presentation and answered questions. Ryan Cunningham and Andrew Freedman were introduced and presented to council and answered questions. The following individuals spoke at this time: Richard Kelsheimer Councilmember Spradley motioned to approve this item. Mayor Pro Tem Capizzi seconded the motion which passed unanimously.

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 9.3/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).