Lubbock City Councilman Jeff Griffith joins Dave King and Matt Martin to talk about last night's city council meeting, the repairs on the flooding at Citizens Tower, the proposed park and downtown redevelopment, McDougal, the Citizens Traffic Commission, police substation construction, LP&L & ERCOT, and more.
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Council to decide whether voters have a say in $27.9 million debt funding for Lubbock âneedsâ
Council to decide whether voters have a say in $27.9 million debt funding for Lubbock âneedsâ By Kase Wilbanks | April 21, 2021 at 5:09 PM CDT - Updated April 21 at 6:50 PM
LUBBOCK, Texas (KCBD) - The Lubbock City Councilâs Future Needs Committee has identified three projects it believes need immediate action and $27.9 million in debt issued as soon as possible to fund them. That funding would possibly through Certificates of Obligation (CO), a way to fund projects without voter approval.
âThe CO proposal is based upon: we need to do it now,â Councilwoman Latrelle Joy said at an April 13 council meeting. âIf itâs approved, we will move quickly to go ahead and do all the details that are necessary for issuance and get that done. It there is a bond election, that cannot occur until November.â