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Updated 10:13 p.m. May 1
With 66.98% of the vote, the city of Georgetown $90 million bond passes, according to unofficial results.
The bond will focus on 10 road and transportation projects.
All results are unofficial until canvassed. More information on the bond can be found here.
Original post
Early voting results show approval of Proposition A in the city of Georgetown mobility bond, according to Williamson County Elections Department.
As of 7:05 p.m. May 1, results showed about 67.98% of votes in favor of the measure—a $90 million bond that will focus on 10 transportation projects.
The total cost for the completing the projects is estimated to be $120 million; however, bond savings from the 2008 and 2015 bonds will fund $30 million in projects.
This bond will issue debt for seven years with a maximum tax rate impact of $0.03 per $100 valuation. According to Gutekunst, two cents of the tax increase will pay for these projects. The remaining will go toward voter-approved projects from the 2008 and 2015 bonds.
If officially approved, the tax increase is expected to go into effect as soon as possible, city officials said. According to the city’s bond website, residents can expect their annual property tax rate to increase by approximately $83.40.
All results are unofficial until canvassed. More information on the bond can be found here.
