Granbury City Council meeting, May 5, 2026: Council Discusses Funding Options for Street Improvement

The City of Granbury City Council held a meeting on May 5, 2026, to discuss funding options for street improvements as part of a capital improvement plan. The council reviewed two bond issuance options—a 10-year and a 20-year bond—to finance approximately $20 million for phase one of the street repair project. The financial adviser presented detailed analyses showing that the 10-year bond would save the city nearly $6 million in interest and provide an additional $2 million premium, making it more cost-effective than the 20-year option. Council members discussed the impact on taxpayers, with an estimated increase of about $7.50 per month for a $300,000 home under the 10-year plan. After deliberation, the council voted unanimously (5-0) to pursue the 10-year bond issuance, directing the city manager to move forward with the process and bring a resolution for formal approval at the next meeting. The discussion also touched on the need for engineered road construction and the phased approach to completing the 10-year street improvement plan.