Austin, Texas $720 Million transportation bond will go before voters Nov. 8

Posted by Trent Kelly on August 19, 2016
Austin, Texas $720 Million transportation bond will go before voters Nov. 8

The city council, after four hours of deliberation, have decided 8-3 to approve a $720 million transportation bond proposal for the November ballot.

The proposal comes from Austin mayor, Steven Adler. The “mobility bond”, if approved, will work to restore many busy and congested roadways ((Airport, North and South Lamar, Burnet Road, Riverside, Guadalupe, and FM 969), as well as local sidewalks, bike trails and such.
The congestion and lack of accessibility on these roads has lead to countless accidents, leaving many individuals looking for an Austin Personal Injury Attorney. City transportation buses must stop in the busy traffic, halting all cars in the outside lines, only adding to the chaos.
The cost of this bond will be paid by “a slight increase” in property tax per year, equating to approximately $60 per homeowner. If approved a general obligation bond will be from the city’s $500 million bond capacity under the existing debt tax rate, and will cover $250 million of the $720 million price tag. The remaining $470 million will come from a debt tax rate increase of approximately two and a half cents per $100 of appraised value.
$482 million will be dedicated to the “corridors” specifically, including, creating pull out lanes for city buses to allow for loading/unloading without stopping traffic.
“I would like us to change how Austin measures success when it comes to affordability. And to do that, we need a new vision for reducing traffic congestion that increases housing density along traffic corridors,” said Mayor Adler. “If we’re going to be a better city, Austin needs to be a smarter city.”
The council must make the final decision regarding the ballot by August. Yet there are no scheduled meetings in July. Make your voice heard and cast your vote. Brought to you by TK Injury Lawyers Austin personal injury attorney.

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