At its April 8, 2025 meeting, the Grayson County Commissioners Court approved an order allowing the Mission Economic Development Corporation (MEDC) to issue a single tax-exempt bond for Waste Management facilities in Texas, including the Hillside Landfill in Grayson County.

The authorization permits Waste Management to use proceeds from consolidated tax-exempt financing of up to $120,000,000 for 14 facilities across the state, of which $50,000,000 is expected to be issued in 2025 pending annual bond allocation from the state Bond Review Board. Lee McCormick, municipal adviser with Community Development Associates representing the MEDC as issuer, told the court the consolidated issuance is necessary because separate bonds for each facility would be “cost prohibitive.”

McCormick said the Bond Review Board issued allocation earlier in the year and described the effect on the county: “There’s no risk, no liability to Grayson County with regards to approving this order. The county’s name won’t appear on the bond. It’s strictly a responsibility of Waste Management,” he said. He also explained that the tax-exempt status benefits the bond investors, not county taxpayers.

Commissioner Marr moved to approve the order; Commissioner Arthur seconded. The court voted in favor and the motion carried.

The court’s approval is an administrative step required under state law to permit a single, statewide bond issuance for projects that span multiple jurisdictions. McCormick said the remaining portion of the $120,000,000 authorization will be issued at later dates as additional Bond Review Board allocations are secured.

No public comments were recorded on this item during the meeting. The court’s action does not obligate Grayson County to repay the bonds or alter the county’s tax rate or bonding capacity.