Adviser recommends $40.5 million bond package for Heath water-bridge plan; board to ask council for notice of intent At a Finance Board meeting, Hilltop Securities advised a $40.5 million financing package for Heath’s water-bridge program, recommending a Texas 'double-barrel' pledge using utility revenues to avoid raising ad valorem taxes; the board signaled it was comfortable asking the city council to publish a notice of intent to issue up to $40 million, subject to further review of call features and phasing.

Heath's Finance Board is considering a strategic $40.5 million bond package to fund critical water infrastructure without raising property taxes!

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