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City Council approves NBU request to pursue up to $6 million in state water infrastructure funding
New Braunfels City Council approved a request from New Braunfels Utilities (NBU) to move forward with an application for up to $6 million in state funding through the Texas Water Development Board Water Supply and Infrastructure Grant Program established under House Bill 500 during the 89th Texas Legislative Session. The proposed funding would support maintenance…
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NBU Earns Moody’s Aa1 Rating for Strong Financial Management and Planning
Recognition supports long-term investments while helping keep customer costs stable Moody’s Ratings has reaffirmed New Braunfels Utilities’ (NBU) Aa1 credit rating. These ratings give investors confidence in NBU, helping to secure funding at lower interest rates for critical infrastructure projects. For customers, this recognition helps keep costs down. When NBU can sell bonds at lower interest rates, it spends…
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New Braunfels Utilities Earns National Award for Financial Excellence for 35th Consecutive Year
New Braunfels Utilities (NBU) has been awarded the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA) for its annual comprehensive financial report. The Certificate of Achievement is the highest recognition in governmental accounting and financial reporting. This attainment represents a significant accomplishment…