More than six months have passed since Austin’s Halloween flood. At nearly 1 a.m. Friday, Onion Creek residents gathered at City Hall learned that relief may be in sight in the form of an expanded city buyout program. Two propositions were on the table. Mayor Pro Tem Sheryl Cole, Mayor Lee Leffingwell and Council […]
certificates of obligation (COs)
These bonds are issued directly by the borrowing entity. Though not subject to popular vote, their issuance can trigger tax increases. That, in turn, can trigger a petition–if the tax increase is beyond the year’s rollback tax rate–and a potential bond election.
Posted inDevelopment, Environment, Public Safety
Martinez proposes that city issue debt to buy out flooded homes
Austin City Council Member Mike Martinez will announce a proposal at 10 a.m. today that would have the potential of greatly accelerating buyouts for homeowners whose houses were damaged or destroyed in last year’s Halloween floods on Onion Creek. Martinez’ plan targets homes in the Onion Creek region not currently covered by the city’s […]
Posted inLocal Government, Uncategorized
Kyle to issue almost $2 million in debt for capital expenditures
Kyle property owners can expect increases in their property tax rate and city utility bills next fiscal year as City Council members prepare to issue $1.866 million in short-term debt. The city will issue the debt to buy various equipment, system software, infrastructure improvements and vehicles for three city departments this spring. The City of […]