The schedule for what the Bond Election Advisory Task Force calls its “listening sessions” will run until next Thursday, Jan. 18. All sessions run from 6:30-8 p.m.
• Tuesday, Jan. 9, Little Walnut Creek Library, 835 W. Rundberg Lane
• Thursday, Jan. 11, Yarborough Library, 2200 Hancock Drive
• Wednesday, Jan. 17, Millennium Youth Entertainment Complex, 1156 Hargrave St.
• Thursday, Jan. 18, ACC Campus South, 1820 W. Stassney Lane
On a cycle of six-to-eight years, the city government asks the citizenry permission to take out a large loan—to be paid back over 30 years by tax dollars—in order to fund general service projects around the city. For the upcoming 2018 bond election, City Council advised staff and the task force to focus the funding for projects related to transportation infrastructure, affordable housing, existing city facilities, open space and storm water that can be completed in five years.
City staff came back with a needs assessment of more than $3.2 billion but recommended a starting point of $640 million. According to early city estimates, the bond funding could total $325 million with no increase over this year’s tax rate, $575 million with a 1-cent tax increase—totaling $30.55 annually for the median homeowner—or $850 million with a 2-cent tax rate increase—totaling $61.10 annually for the median homeowner.
The task force was commissioned to get a feel for how much residents are willing to spend on these projects before making a final recommendation. According to a memo sent out last week by Austin’s deputy chief financial officer Ed Van Eenoo, roughly 58 percent of 900 individuals surveyed support a tax rate increase.
How large a tax increase and how money will be allocated will be up to the city’s needs and feedback from the residents during the next four listening sessions. Residents will get the final say when the projects are proposed for a yes or no vote in November’s ballot.
This map below shows the location and times for each of the four listening sessions.