Written by Kathy Olivarez Friday, 01 August 2014 09:25
Hidalgo County budget officers received about $342 million in requests for capital improvements within the county, Sergio Cruz, finance director, told commissioners court at its Tuesday meeting.
Cruz broke the number of requests down, saying the costs for requests for building projects amounted to about $281 million while equipment was figured at nearly $18 million. Road construction and repairs was the next largest request at just under $37 million, and infrastructure needs were figured at $822,300. Technology was figured at more than $5 million.
Cruz told the court the recent refinancing of bonds freed about $21 million to address these needs. There also was a contingency fund equal to about $3 million for capital projects.