APRIL 6 - 10, 2016 PRESENTED BY:
713 - SIP - WINE (747 - 9463) VOL 9 No. 12
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FORT BEND FAIR. BALANCED. INFORMATIVE. WEDNESDAY, MARCH 23, 2016
P. O.BOX 623, SUGAR LAND, TX 77487-0623
Official newspaper of Fort Bend County, Missouri City & Sugar Land
Fort Bend Symphony children’s concert: A zoo called earth
STATE OF THE COUNTY ADDRESS. Mike Dobert, left, Fort Bend Chamber of Commerce Chairman of the Board; Keri Schmidt, President Fort Bend Chamber of Commerce; Judge Robert “Bob” Hebert, Fort Bend County; Regina Morales, President/CEO Central Fort Bend Chamber; Jeff Haley, Central Fort Bend Chamber of Commerce Chairman of the Board.
Fort Bend County is doing great, says County Judge Bob Hebert
By SESHADRI KUMAR Fort Bend County is doing great and its finances are in good shape, County Judge Bob Hebert said about the State of the County during a luncheon organized by the Fort Bend Chamber of Commerce and the Central Fort Bend Chamber at the Safari Texas Ranch recently. The county tax rate is going in the right direction, Hebert said. The total county property tax rate in 1994 was 65.7 cents per $100 valuation. In 2015, the tax rate stood at 48.6 cents per $100 valuation. Had the 1994 tax rate held constant, in 2015 the county
would have collected an additional $84 million in taxes, he said. For maintaining the low tax rate and keeping debt levels at an affordable rate, incurring no additional debt tax burden, the commissioners court and the county staff have worked well and it is a team effort, Hebert said. Fiscal year 2016 will be another good year and the property values continue to grow. The energy industry will have an impact on county finances and it may affect new home building. But, it won’t be as bad as it was during the previous oil crisis, Hebert said.
Touching on the county facilities and bond projects, Hebert said the Justice Center expansion is in design phase and construction will begin in January 2017. The project is expected to be completed in about 18 months, by the Spring of 2018. The county is actively looking for land to build a sheriff’s substation and a new library in north Fort Bend County. The Westpark Toll Road extension from the Grand Parkway – SH 99 to FM 1463 (Phase 1) 4.12 miles long, is under way. The construction See COUNTY, Page 3
As the “outer-space” musical notes begin, children are invited to journey along with our narrator, an alien who’s visiting his favorite place, A Zoo Called Earth. Accompanied by the talented players of the Fort Bend Symphony, he recounts the stories he’s seen over the millions of years he’s dropped in on earth, starting with the cooling of the planet, moving through ocean life, the dinosaurs, mammals, and finally, humans. He shares his impressions of the ways that humanity has impacted the environment, and in the end, asks the children to see our “Earth Zoo” in a new way, and to take care of it always. Public radio fans will be familiar with composer Peter Schickele’s humor, satire and new ways of looking at classical music. One of his most popular works, A Zoo Called Earth is entertaining for all ages. For the remainder of the concert, FBSO’s music director, Dominique Røyem, leads the symphony in an animal-friendly classical music journey. FBSO treats us to Bydlo (Cattle) and The Ballet of Unhatched Chicks in Their Shells from Mussorsky’s Pictures at an Exhibition, a perennial favorite. Les Toreadors, Bizet’s overture to Carmen, and Vaughn William’s The Wasps’ Overture use animal imagery to simulate human behavior. Jimbo’s Lullaby is a gentle description of an elephant that came to live in Paris one springtime at the turn of the last century. Animal-themed selections from Delius round out the program, and the concert concludes with a fiery excerpt from Stravinsky’s
The Firebird. As the only mythical creature on the program, the Firebird illustrates the deep connection all of us have to nature, and the continuing rebirth and regeneration of life. The Agrilife Extension office of Fort Bend is providing hands-on learning experiences for attendees prior to and following the concert. There will be a live chick-hatching station, and Agrilife will do a live demonstration on stage prior to The Ballet of the Unhatched Chicks.
The concert is at 2 p.m. Saturday, April 2, in the Graeber Auditorium at B.F. Terry High School, 5500 Avenue N, Rosenberg. FBSO has donated 100 tickets to Taylor Ray Elementary and Meyer Elementary. To encourage family attendance, tickets for the FBSO children’s concert are at a special low price. Children 12 and under are just $5, and 13 years – adult are $10. Tickets are available online at www.fbso.org or by calling 281.276.9642.
Beginning in the first week of January, Missouri City Staff and outside financial advisors strategically tracked market trends and coordinated with the city council to earn the largest ever bond issuance by Missouri City and the City’s largest ever savings in any single transaction. At a Special City Council meeting on March 7, City Financial Advisor Joe Morrow explained that the perfectly timed refundings have resulted in a capitalization on market trends that resulted in one of the largest single financial successes for the City. “City staff does a very good job of being conservative with management practices,” Morrow said. “The kind of commitment
that this Council has to doing the right thing, and doing it in a manner so that the City is not building a huge war chest of money set aside of public dollars, is a calculated effort to balance needs versus the results that the City gets.” According to Morrow, these practices are going to help the City maintain its credit rating at an AA2, which allows the City to borrow at low rates. “City staff is doing due diligence during the budget process, and the execution of it shows up in the audit that has always been well planned,” Morrow said. “These are the things that the rating agencies look at, as well as the flexibility that City staff has shown in adjusting rates.” Based on data during the
first four trading days of 2016, Missouri City Council Members held a special meeting on Jan. 11, 2016, to authorize the refunding sale of existing debt for an amount not to exceed $41 million with the possibility of saving more than $4 million in net present value of interest costs. At that time, the broad stock market indices fell more than 5 percent. However, market indices continued to show a further decline, and on Feb. 1, 2016, City Council was presented with an updated market condition with data that showed the potential to save more if the market continued to decline. “There was the concern of
Coleman Locke and Porter Quinn Hoskins (in horn). Photo credit: Elizabeth Hoskins
Missouri City earns largest savings in debt refinancing deals
See SAVE, Page 3