x
Breaking News
More () »

City of Bee Cave approves $103 million improvement plan

The City's first-ever Capital Improvements Plan comes with no cost to taxpayers.

BEE CAVE, Texas — The City of Bee Cave approved its first ever Capital Improvements Plan this week.

The $103 million investment will be used to create new roads, a new library, police station and City Hall, among other things. And it won’t cost taxpayers anything, according to a press release.

The City and its Economic Development Council are using $40 million of new debt, due to a “drop-off of older debt,” and funding from a variety of other sources. No changes to property taxes, sales tax revenue, financial risk management policies or the city’s savings or reserves will be made.

The plan will also fund new access roads, trails, amenities, programming for Bee Cave Central Park and the development of the Brown property into a nature center, according to the release.

RELATED: Bee Cave City Council approves improvements, preliminary plans for two developments

Bee Cave is a Platinum Certified Scenic City. In the release, it said signage lighting and “the beatify of the Hill Country” will be maintained as infrastructure and amenities are improved.

The City approved the $103 million plan on Tuesday, Oct. 26.

PEOPLE ARE ALSO READING: 

Man barricades himself inside home after shots fired during lawn maintenance code enforcement, APD says

Spanx founder celebrates sale by giving employees 'first class plane tickets to anywhere' and $10,000 to spend

Thousands left without power Wednesday morning after strong storms move through Central Texas