Sugar Land, Texas – An independent, external auditor recently confirmed the financial neutrality of the annexation of Greatwood and New Territory.
City Council approved an agreement with Whitley Penn, LLP on Nov. 21 to review annexation data after questions about the finances related to the annexation were raised at a Nov. 7 meeting. The review was presented to City Council on Tuesday; it confirmed the recent annexation was financially neutral to the city of Sugar Land.
The annexation, which occurred on Dec. 12, was accomplished without any increase in costs, as services to the annexed areas are funded with money set aside during the last 10 years specifically for this purpose. Additional staff, vehicles, equipment and contracted services necessary to provide full municipal services to the newly annexed areas were paid for by the annexed residents through utility rates, property taxes and previously paid surcharges for city fire and ground water reduction services.
“This annexation was one of the most significant events in the history of the city and the result of a deliberate, thoughtful process that required 10 years of planning, thought and public feedback,” said City Manager Allen Bogard. “After a decade of preparing for this day in partnership with the residents and leaders of Greatwood and New Territory, we could not be more proud that both of these communities are now officially within the city of Sugar Land.”
For more about the annexation, visit www.sugarlandtx.gov/annexation.