The wild world of developers and MUD’s

The wild world of developers and MUD’s

Each election I’m fascinated by the amount of bond debt created across Harris County and Texas by land developers using municipal utility districts and that a single voter can approve the debt. According to a 2015 study by Rice’s Kinder Institute , the total amount of Houston MUD debt was $5.8 billion. And yes, sometimes they do go bankrupt . I decided to look at several Harris County MUD elections from Tuesday. Here is a link to view all the MUD’s in Texas – Water Districts Viewer . Election results here , ballot language here . Number of registered […]

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