The Colony · issues
Civic issues
Topics getting the most attention in The Colony public meetings, ranked by how frequently they come up.
CDC Sales Tax Revenue Bonds Series 2026
The CDC wants to issue roughly $39 million in sales tax revenue bonds over 30 years to fund a prioritized list of park projects — rec center renovation, pickleball expansion, athletic complexes, and aquatic upgrades — instead of funding them piecemeal. Both boards agreed on the 30-year structure with intent to pay off early; final numbers come in June.
FY2027 Property Tax Rate
The council kept the proposed tax rate flat at $0.63 per $100 and set hearings for August 18. Because taxable values fell about 1.1%, the city expects roughly $270,000 less revenue — and homeowners with expiring homestead caps may see bills rise even as values drop.
2026/2027 CDC operational budget
The board considered the CDC's operational budget for the coming year, covering transfers to the parks fund and capital projects fund, incentive payments, and administrative costs. It determines how the CDC's sales tax dollars are deployed annually.
Athletic Club water well repair
The city is spending $266,733 to replace the pump at Well No. 3, which is nearing its ten-year lifespan. Keeping the well running avoids costly outages in the water system.
Series 2026 Certificates of Obligation
The city is borrowing about $8.78 million to pay for equipment, vehicles, street and drainage work, water/sewer upgrades, and fire and police facilities. The good news: the rate came in at 3.56%, and debt is matched to how long each asset lasts.
$9.5 Million Certificates of Obligation
The city took the first step toward borrowing up to $9.5 million for streets, drainage, water and sewer, police and fire facilities, and fleet vehicles. No tax election is required for this debt type; the actual issuance comes back to council April 21.