The Jersey Village City Council has authorized the sale of bonds during their March Council meeting, marking a major step forward in the 2023 Bond Program that was approved by voters in November 2023. This decision follows the news earlier this month that S&P Global has awarded Jersey Village a prestigious AA+ bond rating. This rating underscores the financial health and stability of our city, positioning our bonds as a highly attractive investment option. It's a testament to the diligent fiscal management and strategic planning undertaken by city officials.

A Financial Win for Jersey Village

The final pricing results of the $24,640,000 in bond sales have brought even more good news, with an interest rate of 4.011% - a figure lower than the 4.25% initially estimated by the city's financial advisor in January 2024. This favorable interest rate translates to a $439,167 reduction in anticipated debt service.

Investing in Our City's Future

The proceeds from these bond sales are for several critical projects within Jersey Village, signaling the start of an exciting chapter of development and improvement. These projects are street and road projects, along with improvements to the critical water and sewer infrastructure.

Stay Informed and Engaged

Residents who are eager to learn more about the specifics of these bond projects and follow their progress can do so by visiting our dedicated bond project webpage. This platform will serve as a central hub for updates, timelines, and information on each project, ensuring transparency and open communication with the community. You can view the page here: https://www.jerseyvillagetx.com/page/city.2023bondprojects