The Georgetown City Council has authorized the use of $46 million in Texas Water Development Board (TWDB) bonds to build water transmission infrastructure.
The funding will advance the Georgetown Regional Water Initiative – a collection of projects to receive and transmit water supplies to Georgetown. The initiative centers on building a transmission pipeline from the Circleville area to northern Georgetown.
Once completed, the line will shuttle treated groundwater from supply sources in eastern Williamson County to supplement the city’s water system. Accessing these new resources will reinforce the city’s available water supplies, supporting reliability, flexibility and long-term resiliency.
The city council approved the city submitting an application for funding in May, with the TWDB authorizing low-interest financing in July. Georgetown’s initial application requested up to $274 million. TWDB’s approval advances the first round of low-interest financing consisting of two issuances. These series includes:
- $29 million in 2026 Series B.
- $17 million in 2026 Series C.
The financing comes from the TWDB’s State Water Implementation Fund for Texas (SWIFT) program.
The Series B financing has an interest rate of 4.29 percent. With access to the bond, the city will save approximately $3.4 million.
The Series C financing has an interest rate of 3.75 percent. Delivered through a deferred payment structure, the city won’t have to make interest payments for the Series C bond until 2031.
Logo courtesy of the City of Georgetown
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