Aug. 7--Weatherford City Council discussed plans to build new police and fire stations during a work session on Tuesday evening at city hall.

The council committed to proceed with a funding plan for the projects. The plan includes using money from reserves, capital fund and a 1-cent tax rate increase.

Action was not necessarily made by council, but they did commit to a funding plan, Mayor Paul Paschall said.

"This is a firm commitment that we're making council move forward for this budget period and these two capital projects that we've talked about tonight," Paschall said.

According to a presentation by Assistant City Manager Brad Burnett, the new public safety building would be 32,000 square feet, cost no more than $14.5 million and have a life span of 30 years. Construction is expected to start in 2021.

The fire station would be about 10,000 square feet, cost no more than $4.5 million and have a life span of 30 years, according to the presentation. The building would need to withstand severe weather and would include sleeping quarters, commercial kitchen, fire marshals' office, emergency back-up power and specialized equipment like an exhaust capture system and washing machine for bunker gear. Construction is planned to start in 2021 or 2022 after the property selection and design is complete.

Weatherford Police Chief Lance Arnold and Fire Chief Paul Rust gave presentations at the work session about why they need new buildings.

Arnold described the space issues at WPD's current public safety building on Santa Fe Drive, including issues that people may come across when coming to the police station. He said there is a need for more parking space as the building is used for community meetings, a bigger conference room, room for training, an inside K-9 kennel and storage space. He also said police employees often share offices, and more private spaces are needed for officers to work on sensitive cases.

"It is not uncommon to see officers processing evidence, from drugs to everything else, right next to someone who might be eating their dinner, working on a report at a computer station," Arnold said. "Again, that limited space is causing us some issues."

Rust said the fire station is having similar issues as the police station related to design and function of the building. He mentioned that a study is in progress currently to use data to determine the best location for a fire station. He also said there is a need for unisex bathroom areas, more privacy in living quarters and a better ventilation system to handle exhaust. Rust talked about the need to keep air with carcinogens out of spaces where firefighters live.

"What we're finding is everything that we use is releasing those carcinogens, it's in the smoke, everything that burns today is synthetic and all smoke has carcinogens, is loaded with carcinogens," Rust said. "That's why we're finding out that so many firefighters are coming down with cancer."

Completing both projects is expected to cost no more than $19 million, Burnett said. The city needs $7.2 million to fund debt service until fiscal year 2027, at which time debt service capacity increases. New debt will be funded through reserves and other revenue sources until then.

"The proposed options do not compromise short- or long-term financial strategies," Burnett said.

Burnett then presented three funding options to council and asked for their direction. Council decided they were most comfortable with option three, which pulls $2.5 million from general fund cash reserves and a capital fund transfer of $3.5 million, or $500,000 yearly for seven years. Option three also includes a 1-cent tax rate increase, which amounts to $250,000 for seven years or $1.75 million in total.

A 1-cent increase would amount to an annual tax bill increase of $10, while a 2-cent increase would be a $20 increase, according to Burnett's presentation.

Council also considered option two, which includes pulling $4 million from general fund cash reserves, capital fund transfer of $1.75 million and a 1-cent tax rate increase.

The council eliminated option one first. That plan included using $4 million from general fund cash reserves and a 2-cent tax rate increase to total to $3.5 million over seven years.

All options include $7.5 million for debt service and an extra $300,000 in case of interest rate fluctuations, according to the presentation.

Council is expected to vote on a proposed tax rate on Aug. 13. Tax rate hearings take place on Aug. 27 and Sept. 10. The budget and tax rate are scheduled to be adopted on Sept. 24.

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(c)2019 Weatherford Democrat (Weatherford, Texas)

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Corebridge Financial today announced enhancements to its Max Accumulator+ III index universal life insurance product, including new index strategies, as well as changes designed to improve cash value outcomes.

These updates are intended to give customers more diversification in how they allocate and build policy value over time and strengthen long-term growth potential.

Corebridge Financial research highlights the financial concerns many Americans report, including healthcare and long-term care costs as well as the possibility of running out of money in retirement.¹ Survey respondents said they would find life insurance living benefits valuable, including financial support during a critical illness (86%), help covering long-term care costs (84%) and a retirement income stream (79%)—closely aligning with their concerns.

Against this backdrop, Corebridge has added two new index interest crediting strategies to Max Accumulator+ III—Nasdaq-100^® providing exposure to technology and growth-oriented companies, and S&P 500^® High Bonus offering a bonus feature designed to support accumulation in varying market conditions.² Max Accumulator+ III now offers five index crediting strategies to achieve greater diversification across market exposures and meet a wider range of customer needs, while maintaining the product’s built-in protections from market loss.³

The latest enhancements to Max Accumulator+ III also support growth potential, helping customers achieve future financial goals with increased cash value over time. Compared to prior product versions, these changes incorporate structural improvements intended to strengthen long-term accumulation.

“Customers are looking for solutions that provide protection today while helping them build more financial flexibility for the future,” said Eric Tarnow, Head of Life Insurance, Corebridge Financial. “With expanded index strategy options and improved cash value potential, Max Accumulator+ III gives customers more choice in how they build policy value over time and helps support the product’s long-term, tax-deferred growth.”

Max Accumulator+ III already features several optional living benefits, including a rider designed to turn a policy’s cash value into a guaranteed lifetime income stream, as well as another that can help cover qualifying chronic illness and care expenses. Some policies may be eligible for Agile Underwriting+, the Corebridge accelerated underwriting process enabling faster decisions without a medical exam, lab work or an attending physician statement.

Policies issued by American General Life Insurance Company (AGL), Houston, TX, except in New York, where issued by The United States Life Insurance Company in the City of New York (US Life). Policy Form Numbers: ICC22-22191, 22191, 23191N, 23191NU; Rider Form Numbers: ICC23-23600, 15600, 13600-5, ICC18-18012, 18012, ICC22-22995, 22995, 14306, 07620, ICC14-14002, 14002, 15996, 15997, ICC15-15994, 15994, ICC18-18004, 18004, ICC23-23602, 15602, ICC23-23603, 15603, ICC23-23604, 15604, 17600N, 18012N, 22995N, 13601N, 07620N, 14002N, 15996N, 18004N, AGLA 04CHIR-CA (0514), AGLA 04CRIR, AGLA 04TIR. AGL does not solicit, issue or deliver policies or contracts in the state of New York. Guarantees are backed by the claims-paying ability of the issuing insurance company, and each company is responsible for the financial obligations of its products. Products may not be available in all states and features may vary by state. Please refer to the policy for more information.

All companies above are wholly owned subsidiaries of Corebridge Financial, Inc. Corebridge Financial and Corebridge are marketing names used by these companies.

This material is general in nature, was developed for educational use only, and is not intended to provide financial, legal, fiduciary, accounting or tax advice, nor is it intended to make any recommendations. Applicable laws and regulations are complex and subject to change. Please consult with your financial professional regarding your situation. For legal, accounting or tax advice consult the appropriate professional.

An Accelerated Death Benefit Rider (ABR) is not a replacement for Long Term Care Insurance (LTCI). It is a life insurance benefit that gives you the option to accelerate some of the death benefit in the event the insured meets the criteria for a qualifying event described in the policy. Some ABRs are conditioned upon the insured not being able to perform two or more of the activities of daily living or being cognitively impaired. The activities of daily living are bathing, continence, dressing, eating, toileting, and transferring. This ABR pays proceeds that are intended to qualify for favorable tax treatment under section 101(g) of the Internal Revenue Code. The federal, state, or local tax consequences resulting from payment of an ABR will depend on the specific facts and circumstances, and consequently advice and guidance should be obtained from a personal tax advisor prior to the receipt of any payments. ABR payments may affect eligibility for, or amounts of, Medicaid or other benefits provided by federal, state, or local government. Death benefits and policy values, such as cash values, premium payments, and cost of insurance charges if applicable, will be reduced if an ABR payment is made. ABR payments may be limited by the contract or by outstanding policy loans.

Nasdaq^®, Nasdaq-100 Index^®, NDX^®, and Nasdaq Stock Market^® are registered trademarks of Nasdaq, Inc. and its affiliates and are licensed for use by American General Life Insurance Company (“AGL”). AGL’s Products (the “Products”) have not been passed on by Nasdaq, Inc. or its affiliates as to their legality or suitability. The Products are not issued, endorsed, sold, or promoted by Nasdaq, Inc. or its affiliates. Nasdaq, Inc. and its affiliates make no warranties and bear no liability with respect to the Products.

Neither Nasdaq, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq listed companies or Nasdaq proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence, consult a financial professional and carefully evaluate companies before investing.

The S&P 500^® Index is a product of S&P Dow Jones Indices LLC (‘‘SPDJI’’) and has been licensed for use by AGL and affiliates. Standard & Poor’s^®, S&P^® and S&P 500^® are registered trademarks of Standard & Poor’s Financial Services LLC (‘‘S&P’’); Dow Jones^® is a registered trademark of Dow Jones Trademark Holdings LLC (‘‘Dow Jones’’); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by AGL and affiliates. AGL and affiliates’ products are not sponsored, endorsed, sold, or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.

About Corebridge Financial

Corebridge Financial, Inc. (NYSE: CRBG) makes it possible for more people to take action in their financial lives. With more than $380 billion in assets under management and administration as of March 31, 2026, Corebridge Financial is one of the largest providers of retirement solutions and insurance products in the United States. We proudly partner with financial professionals and institutions to help individuals plan, save for and achieve secure financial futures. For more information, visit corebridgefinancial.com and follow us on LinkedIn.

¹ Corebridge Financial, Understanding Life Insurance Needs, August 2025.

² The Nasdaq-100 strategy is available in all states except California and New York.

³ Policies issued in New York offer two index crediting strategies.