Editor\u2019s note: Transcript provided by CoverGov and Cambridge Artificial Intelligencer<\/a>.<\/p>\n The City of Hurst will save a projected $500,000 over 10 years after refinancing some outstanding bonds at a better interest rate.<\/p>\n \u201cWe felt it was an opportunity we wanted to jump on,\u201d Clayton Fulton, assistant city manager, told city council members at their July 14 meeting, where they voted unanimously to refinance some bonds<\/a> that the city issued in 2016.<\/p>\n The council also voted unanimously at the same meeting to issue $6.7 million in bonds for street and drainage work and to replace a fire vehicle.<\/p>\n Fulton told council members that the city staff\u2019s annual budget process includes a review of outstanding debt and capital improvement projects.<\/p>\n City advisors Hilltop Securities<\/a> and bond counsel Bob Dransfield identified an opportunity to refinance some 10-year-old bonds, Fulton said.<\/p>\n \u201cWe look at our outstanding debt and we want to make sure that there’s any opportunities to be efficient with that debt,\u201d Fulton said.<\/p>\n The refinancing \u201cdoes not extend maturity or add new money,\u201d Fulton told council members.<\/p>\n The principal on the city\u2019s new bonds is $11.245 million, Fulton told the Report. Principal on the old bonds, which the city refunded as part of the refinancing, was $12.22 million.<\/p>\n The city sold the new bonds at a premium, meaning investors paid more than face value because the bonds\u2019 interest rate was higher than market rates.<\/p>\n \u201cWe were able to sell less bonds and still refinance $12.22 million,\u201d Fulton said.<\/p>\n The city projects the total savings at $494,735, which Fulton said Hurst expects to realize between 2027 and 2038.<\/p>\n As for the capital projects, he told council members \u201cwe’ve identified a number of street projects that are a priority for the city.\u201d<\/p>\n Of the $6.7 million, the city will spend about $5.7 million on streets and drainage, targeting projects on West Pipeline and Harwood roads, he said.<\/p>\n About $1 million will replace a fire vehicle that the city ordered, with council approval, a few years ago and was recently delivered.<\/p>\n Eric Zarate is a freelance journalist. Scott Nishimura, senior editor for the Report, contributed reporting. To learn more about how the transcripts that informed this report were created, visit Cambridge Artificial Intelligencer<\/a> and CoverGov<\/a>.\u00a0\u00a0\u00a0<\/p>\n If you believe anything in this account is inaccurate, please email us at news@fortworthreport.org with \u201cCorrection Request\u201d in the subject line.<\/p>\n This <a target=”_blank” href=”https:\/\/fortworthreport.org\/2026\/08\/01\/hurst-projects-500000-savings-through-bond-refinancing\/”>article<\/a> first appeared on <a target=”_blank” href=”https:\/\/fortworthreport.org”>Fort Worth Report<\/a> and is republished here under a <a target=”_blank” href=”https:\/\/creativecommons.org\/licenses\/by-nd\/4.0\/”>Creative Commons Attribution-NoDerivatives 4.0 International License<\/a>.<img src=”https:\/\/i0.wp.com\/fortworthreport.org\/wp-content\/uploads\/2021\/04\/cropped-favicon.png?resize=150%2C150&ssl=1″ style=”width:1em;height:1em;margin-left:10px;”><\/p>\n <img id=”republication-tracker-tool-source” src=”https:\/\/fortworthreport.org\/?republication-pixel=true&post=695198&ga4=2820184429″ style=”width:1px;height:1px;”><script> PARSELY = { autotrack: false, onload: function() { PARSELY.beacon.trackPageView({ url: “https:\/\/fortworthreport.org\/2026\/08\/01\/hurst-projects-500000-savings-through-bond-refinancing\/”, urlref: window.location.href }); } } <\/script> <script id=”parsely-cfg” src=”\/\/cdn.parsely.com\/keys\/fortworthreport.org\/p.js”><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"by Scott Nishimura, Fort Worth Report August 1, 2026 Editor\u2019s note: Transcript provided by CoverGov and Cambridge Artificial…\n","protected":false},"author":3,"featured_media":974090,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5138],"tags":[5229,14614,7371,14615,14616,7372,13347,358,3187,67,586,132,5230,68,2969],"class_list":["post-974089","post","type-post","status-publish","format-standard","has-post-thumbnail","category-fort-worth","tag-america","tag-documenters","tag-fort-worth","tag-fort-worth-documenters","tag-fort-worth-report-documenters","tag-fortworth","tag-hurst","tag-texas","tag-tx","tag-united-states","tag-united-states-of-america","tag-unitedstates","tag-unitedstatesofamerica","tag-us","tag-usa"],"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/974089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=974089"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/974089\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/974090"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=974089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=974089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=974089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}