New Braunfels City Council approved a resolution declaring NBU’s intent to reimburse fiscal 2027 capital spending from future utility debt, with an expected maximum principal amount of $155 million.
For NBU customers, the $155 million figure is a ceiling in the reimbursement declaration, while a later bond record will establish any actual borrowing and its terms.
From the source record
These are capital-plan funding projections, not amounts borrowed through the reimbursement declaration.
For NBU customers, that figure is a ceiling in the reimbursement declaration. A later bond record will establish any actual borrowing and its terms. The Oct. 12 action concerns how eligible capital costs could be repaid after NBU initially pays them; the council’s meeting materials are available in the official agenda packet.
The capital plan is larger than the declaration
NBU’s fiscal 2027 financial operating plan budgets $244.2 million in capital spending, compared with $283.9 million for fiscal 2026. Its spending areas include electric, water, wastewater, technology, facilities and headquarters. The plan’s projected $140.7 million in new debt is a capital-funding estimate, separate from the resolution’s reimbursement ceiling. Readers can inspect the fiscal 2027 financial operating plan for the capital budget and its funding assumptions.