Development News for Robinson, Texas

City Presents Q1 2026 Investment Report, Discusses Bond Rates and Arbitrage

The quarterly investment report for the period ending March 31st, 2026, was presented. The report showed a beginning book and market value of $67,571,810 and an ending market and book value of $67,680,649. The average yield during the quarter was 3.9%, exceeding benchmarks like the three-month treasury (3.69%), rolling six-month (3.69%), and text pool (3.67%). For the fiscal year to date, the average yield was 3.94%, also outperforming benchmarks. Quarterly interest earnings were $648,273, and fiscal year-to-date interest earnings were $1,335,464. A discussion also touched on bond rates for street repair, with an estimated rate slightly above 4%, and the risks of arbitrage if earnings exceed a certain threshold, which could lead to payments to the IRS.

Robinson Food Pantry Extends Gratitude for City Support

The executive director of the Robinson Food Pantry, Britney Pikes, expressed gratitude for the city of Robinson's continued support, highlighting their partnership as a key reason for the pantry's ability to serve approximately 800 households monthly. She detailed the pantry's operations, including main distribution days on the first and third Saturdays, and a walkthrough pantry on Mondays for the elderly. The pantry distributes 100-120,000 pounds of food monthly with the help of 100-130 volunteers who contribute 1,000-1,500 hours each month. Pikes emphasized that community partnerships, especially with the city, are crucial for meeting the growing need.