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CDFA Texas Financing Roundtable Newsletter - March 2017
March 29, 2017
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CDFA Texas Financing Roundtable Newsletter


TxDOT Plans $2.5B of Urban Projects Over 4 Years
The Texas Department of Transportation plans to spend $2.5 billion on 19 major urban projects over the next four years as part of its "Clear Lanes" program.

Exxon Mobil Gathers Tax Incentives as TX Battles with LA for Plant Site
The school board in a south Texas community competing with two Louisiana sites has approved an estimated $1.2 billion in tax breaks to entice Exxon Mobil Corp. and its Saudi partner to build a $9.3 billion petrochemical plant within its district along the Texas Gulf Coast.

City of Shenandoah to Borrow $3M for Water Plant
Shenandoah City Council members discussed the impending purchase of a new $3M water plant for the city during a public workshop meeting. The water plant will work with the recently purchased water well to filter and treat the water before distributing it into the water system.

TX Budget Wall Could Stop Bullet Train Plan
The state Senate Finance Committee late last week added a provision to its proposed two-year state budget that would prohibit the Texas Department of Transportation from spending funds to help plan, build, or operate the privately financed $12 billion Texas bullet train between Dallas and Houston.

TX Bill Would Limit Highway Funds to Strengthen General Fund
Texas lawmakers struggling to develop a budget with less revenue than in the 2015 session have the option to pull back $2.3 billion in transportation funding approved two years ago.

Abilene's Extra Funds Could Go Towards New Fire Stations
The Abilene City Council could vote to use about $1.8 million in extra funds from 2016 to help build the three fire stations included in the 2015 bond program, which were over budget.

Mayor Vetoes Resolution to Issue Emergency Funds for Public Improvement Projects
Mayor Oscar Leeser has vetoed a resolution that would discuss the issuance of certificates of obligation for the cost of some public improvement projects, saying that those funds were not budgeted. The certificates would not exceed $44 million and would go toward the cost of improving streets, police parking garages, parks, recreational and library facilities and public art.

Federal Tax Credits May Save Endangered Longview Building
Preservationists in Lonview, TX recently learned that the federal Nine Percent Housing Tax Credit subsidies might be the last hope of saving the endangered Petroleum Building in downtown Longview.

San Felipe Council Approves $725K Bond
The Town of San Filipe approved a $725K bond which will be used for an assortment of public improvements.

USDA Announces Funding to Improve Rural Electric Infrastructure
The Rural Development Deputy Under Secretary has announced that the USDA is making loans to electric cooperatives that will help continue to deliver safe, reliable and affordable electricity to rural residents, business and institutions in nine states.

Upcoming Events

CDFA Texas Conference
April 5, 2017 - Dallas, TX
Join the CDFA Texas Financing Roundtable, in partnership with TEDC, on April 5, 2017 for a special one-day conference hosted at the Dallas County Community College District. This event will feature a number of economic development finance experts from around the state discussing development finance tools, authorities, resources and approaches, and how these can affect the Texas economy going forward.

Intro Incentives WebCourse
April 5 - 6, 2017 - Daily: 12:00 - 5:00 PM Eastern
This course will consider how incentives are being used in today's economic environment and outline steps that are being taken to reduce risk and achieve better outcomes. In particular, this course will address the characteristics of well-designed incentive programs and processes to ensure meaningful impact, value, and accountability.

CDFA Texas Webinar: Financing Programs to Support Rural Development
May 17, 2017 - 11:30 AM - 12:30 PM Eastern
Urban communities like Austin and Dallas are not the only places looking for help to fund economic development. Texas is filled with rural communities and small towns who are also in need of financing strategies. These areas face unique development financing challenges and needs such as downtown revitalization, food systems, infrastructure and energy finance. A number of creative and important financing tools exist to assist rural and small town development, and this webinar will explore the cutting-edge strategies driving development in the state, and how to access them.


State Partner

Texas Economic Development Council

Venue Sponsor

Dallas County Community College District

Premium Sponsor

Baker Tilly Virchow Krause

For information about sponsoring the CDFA Texas Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.

The Council of Development Finance Agencies is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private and non-profit entities alike. For more information about CDFA, visit www.cdfa.net or e-mail info@cdfa.net.

Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300

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CDFA National Sponsors

  • Alaska Industrial Development and Export Authority
  • Baker Tilly Virchow Krause
  • Ballard Spahr LLP
  • BNY Mellon
  • Bricker & Eckler LLP
  • Bryan Cave LLP
  • Business Oregon
  • CohnReznick
  • FBT Project Finance Advisors LLC
  • Frost Brown Todd, LLC
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • MB Financial Bank, NA
  • McCarter & English, LLP
  • McGuireWoods
  • Miles & Stockbridge P.C.
  • NW Financial Group, LLC
  • SB Friedman Development Advisors
  • Squire Patton Boggs
  • Stern Brothers & Co.
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Wilmington Trust
  • Z. The Bond Buyer
Become a Sponsor