Diminishing debt rate favorable to future borrowing, financial advisor says

By Anton Riecher
Financial conditions advantageous to borrowing in support of future capital improvement projects without impacting the county ad valorem tax rate were discussed during the Medina County Commissioners Court meeting June 2.
Mark McLiney, senior managing director of SAMCO Capital Markets, said the current ad valorem tax rate for the county supports $2.652 million in total debt. That debt is expected to drop to $2.378 million next year.
“There is an opportunity to borrow without impacting the tax rate if you have capital improvement projects or equipment that you need to move forward with,” McLiney said.
McLiney serves as a financial advisor to more than 130 clients including cities, schools, community colleges, special districts and counties, including Medina County. SAMCO specializes in public finance, acting as an underwriter and trader of municipal bonds.
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