Economy | News | Real Estate

2016 Austin Mobility Bond | What is Proposition 1?


Read time: 2 minutes

As Austin continues to see rapid population growth, transportation and mobility continue to be hot topics. The City of Austin has called for a special election where voters will consider a proposition for $720 million in General Obligation bonds to fund improvements in transportation and mobility. Austin voters will consider the bond proposition alongside other city, state, and federal elections on November 8, 2016.

Ballot Language

The Proposition will appear on the official ballot in substantially the following form, and the ballot shall be prepared to permit voting “for” or “against” the Proposition:

The issuance of $720,000,000 transportation and mobility improvement bonds and notes for improvements to Loop 360 corridor, Spicewood Springs Road, Old Bee Caves Road Bridge, Anderson Mill Road, intersection of RM 620 and RM 2222, Parmer Lane, North Lamar Boulevard, Burnet Road, Airport Boulevard, East Martin Luther King Jr Boulevard/FM 969, South Lamar Boulevard, East Riverside Drive, Guadalupe Street, Slaughter Lane, William Cannon Drive, Rundberg Lane, East Colony Park Loop Road, South Congress Avenue, Manchaca and South Pleasant Valley Road; sidewalks, Safe Routes to School, urban trails, bikeways, fatality reduction strategies, and the following local mobility substandard streets/capital renewal projects: Falwell Lane, William Cannon Overpass Bridge, FM 1626, Cooper Lane, Ross Road, Circle S Road, Rutledge Spur, Davis Lane, Latta Drive/Brush Country, Johnny Morris Road, and Brodie Lane; and the levy of a tax sufficient to pay for the bonds and notes.

What does this mean for you?

The City of Austin created a voter information brochure summarizing the 2016 Austin Mobility Bond with resources to help you decide if you are for or against the $720 Million bond proposition. The bond programs and projects are broken into 3 major categories:

  • Regional Mobility Projects – $101 Million
  • Corridor Improvement Projects – $482 Million
  • Local Mobility Projects – $137 Million
Image of mobility bond projects map

The Tax Bill Impact Calculator and following table provide insight into the financial and tax impact this could have if the bond is approved by voters.

Image of mobility bond tax bill impact chart

Still not sure where you stand? Below are some additional resources to help you do your research.

When to Vote

Early Voting: Monday, October 24th – Friday, November 4th
Election Day 2016: Tuesday, November 8th

Where to Vote in Austin

Find your polling location on the Travis County Clerk’s website so you know where to vote in Austin on Election Day 2016.

Share your Thoughts in the Comments Below

Do you think the Austin Mobility Bond is good for Austin or do you have other resources that you would recommend for this post? Share your thoughts on the Austin Mobility Bond in the comments below. We want to know what you think!

Related links

Related Posts

None found

INSTAGRAM

Are you looking for the most up-to-date and easy-to-use home search website in Austin? You’re in the right place! Explore RealtyAustin.com, Austin’s #1 home search website. Check out the full home search video on IGTV or use the #RAlinkinbio. Find your next home today! 🏘️ 💻 📱 #realtyaustin #makethemove #austinrealestate⁠⠀ ...

@foundationcommunities is on a mission to end the affordable housing crisis that many Austin residents face, now more than ever. Realty Austin, Co-Owner, @yvetteboatwright sits down with Foundation Communities CEO, Walter Moreau to discuss the program's community initiatives to provide safe affordable housing while enhancing the quality of life for the community members in need. Get involved and watch the full interview using the #RAlinkinbio ❤️ 🏡 #ouraustinpledge #realtyaustin #foundationcommunnities #affordablehousing ...

Realty Austin is honored to be ranked #3 on the Austin American-Statesman‘s 2020 @topworkplaces of Greater Austin list! 🏆🎉 Rated in areas of leadership, ethics, values, and treatment of employees, we are proud to be on this list for the ninth year in a row. Check out the #RALinkInBio to learn more about why Realty Austin is consistently voted a Top Workplace! #topworkplaces #realtyaustin #realtyawesome ...

The world premiere of the 9th Annual Realty Austin Habitat for Humanity music video is live on Youtube now! 🎸🎵🏠 Our rockstar agents work hard every day for their clients and the community and have fun while doing it. We are so grateful to have the opportunity to volunteer alongside @atxhabitat to build our 9th home for a deserving local family! Check out the #LinkInBio to view the premiere of “Don’t Stop Us Now” and subscribe to see more #realtyawesome content!  #OurAustinPledge #RealtyAustin #RealtyAwesome #AustinTexas #HabitatForHumanity #AustinHabitatforHumanity #MusicVideo #DontStopUsNow ...

Pin It on Pinterest