Relating to the creation of the Williamson County Development District No. 1; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.
The bill's enactment will enable the district to undertake significant public projects funded through the issuance of bonds and imposition of taxes. This financial structure allows for the development of necessary infrastructure, including water, wastewater, and drainage facilities, which can intrinsically support residential and commercial growth in Williamson County. The new development district aims to diversify the local economy while targeting sectors that could attract visitors, thus contributing to job creation and economic stability.
House Bill 5359 focuses on the establishment of the Williamson County Development District No. 1, which serves as a special district with powers outlined primarily under Texas constitutional provisions. The bill provides the district authority to impose assessments, fees, and taxes to finance public improvements within its jurisdiction. Specifically, it emphasizes the development of infrastructure aimed at enhancing community amenities and boosting tourism and employment opportunities throughout the district.
General sentiment surrounding HB 5359 appears to be positive as it receives bipartisan support from legislators emphasizing infrastructure development and economic growth. Local stakeholders, particularly those representing Pearson Ranch, have expressed support for the bill, highlighting its potential benefits for the community in terms of improved services and economic opportunities. However, some concerns may arise regarding the implications of tax assessments and the accompanying financial responsibilities placed on property owners within the district.
Notably, while the bill empowers the district to levy taxes and collect assessments, it also explicitly prohibits the district from imposing an ad valorem tax or exercising the power of eminent domain. These restrictions are designed to address potential pushback from local property owners concerned about tax burdens and loss of property rights. The governing board of the district, comprised of five directors, will have significant powers in managing the financial and operational affairs of the district, which will necessitate transparency to maintain public trust.
Local Government Code
Tax Code
Water Code
Government Code