Montgomery County drivers will get another round of roadwork paid for out of the 2025 bond. Commissioners Court on Oct. 8 approved selling $35 million in bonds to fund roadway projects through next summer, drawing on the $480 million road bond voters approved in May 2025.
The $480 million bond was expected to fund 76 transportation projects. It is the first road bond in a decade sized to handle the population growth the county has seen and expects to keep seeing. Commissioners authorize sales from that program in rounds as road work needs cash. The county is spending about $11 million a month on roadway improvements, according to Budget Officer Amanda Carter.
Finance officials said this is the smallest round of bond sales since voters approved the program, because municipal interest rates have climbed higher than projected. John Robuck, the county’s investment consultant, told commissioners national debt, the Iran conflict and inflationary pressure have pushed rates up. Municipal rates are at 5.21 percent, notably higher than the average since 2001.
The county currently has $57 million on hand for road bond projects. Officials said this $35 million sale is expected to carry road work through June, with the hope that interest rates will settle by then. Carter told commissioners department staff are still encouraged to spend on all budgeted projects.