CORPUS CHRISTI, Texas — The city of Corpus Christi’s bond review, originally scheduled for Oct. 23, has been moved up to Thursday, Sept. 12, raising questions about the city’s financial outlook.
The review comes just days after City Council voted against a water rate increase and the Inner Harbor desalination project. Moody’s Investors Service downgraded the city’s financial outlook from neutral to negative last year, and some council members worry a further downgrade could be imminent.
Councilman Mark Scott, who supported the desalination project, said the accelerated review signals trouble…