(Credit: City of Austin)
The City of Austin has been given the green light from voters to borrow $925-million in bonds in what is now the largest voter-approved bond package in Austin’s history. The package, comprised of Propositions A-G, cleared voters as follows:
Proposition A — $250 million for affordable housing-PASSED
Proposition B — $128 million for libraries, museums and cultural centers-PASSED
Proposition C — $149 million for parks and recreation-PASSED
Proposition D — $184 million for flood mitigation, open space, and water quality protection-PASSED
Proposition E — $16 million for health and human services-PASSED
Proposition F — $38 million for public safety-PASSED
Proposition G — $160 million for transportation infrastructure.-PASSED
Full passage of this bond package will undoubtedly impact tax bills. Estimates show homeowners will see an extra $20-$200 annual increase, depending on the taxable value of their home.
Two years ago, voters approved $725-million in mobility bonds.
