The Bond Election Advisory Task Force will evaluate essential capital needs for Austin's 2026 bond election after receiving a $4.4 billion needs assessment. Budget staff recommends limiting the bond package to $687 million, targeting minimal tax impact on homeowners. Additional funding raises annual bills correspondingly. The task force will work from August to January on project proposals, consolidating recommendations for a May report to City Council, which must present the bond package by Aug. 6 for the November ballot. Project evaluations are based on city strategic planning and include factors like equity and sustainability.
The Bond Election Advisory Task Force will evaluate a narrowed list of capital needs for Austin's 2026 bond election, following a $4.4 billion needs assessment.
The city budget staff recommends that the 2026 bond package not exceed $687 million to limit the financial impact on taxpayers.
The needs assessment totals $10.4 billion, but the working list needs significant reduction to meet the budget recommendation.
Each city department is developing criteria and charters based on the city's strategic plan, focusing on equity, resilience, affordability, and sustainability.
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