Austin bonds on November ballots total more than $3B
It takes a lot of dough to run a school system, a community college and a city.
Driving the news: Austin Independent School District, Austin Community College and the city of Austin are asking voters to collectively approve more than $3 billion worth of bonds in the upcoming ballot.
The breakdown: Austin ISD has a $2.44 billion package, split into three propositions, that would pay for security upgrades, air-conditioned buses, cafeteria improvements and stadium overhauls — among many other things.
- The American-Statesman has a great tool breaking down the slated improvements at your local school.
The City of Austin has a $350 million affordable housing bond on the ballot to underwrite more rental units and set aside housing for people transitioning out of homelessness.
Austin Community College has a $770 million package on the ballot to expand job training in high-demand fields like health care and advanced manufacturing, and build new community college campuses.
Between the lines: A taxpayer with a home valued at roughly $500,000 who lives in the school and community college districts — and within the city limits — can expect to pay about $100 more per year in taxes if all propositions pass.
The bottom line: As Austin grows fast, major institutions are trying to keep up.
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