Mon March 26, 2012
'Spend the City's Money' at Bond Workshop Tonight
“How would you turn $1.49 billion worth of potential bond projects into a bond package of up to $400 million?”
That’s the question the City of Austin is asking a bond development workshop, tonight at 6:30 p.m.
The city is considering a bond election this November, and KUT News has reported on the $1.5 billion “wish list” serving as a starting point for talks, a needs assessment from city departments outlining different projects. Now the city is in the process of whittling that number down to something it can present to voters.
One way to do this is through workshops like tonight’s, where residents will learn about potential bond projects, speak with City staff, and participate in a “Spend the City’s Money” exercise allocating bond spending. The meeting is at the Dove Springs Recreation Center, 5801 Ainez Dr., at 6:30 p.m.
Another way the city is developing the bond package is through the Bond Election Advisory Task Force, which is tasked with recommend several differently sized bond packages – one at $200 million, $300 million, and $400 million. The Affordable Housing committee of the Task Force also meets today, in the Street Jones building, Room 400A, 1000 E.11th St., at 4 p.m.
Final approval of any bond package put before voters rests with the Austin City Council.