How Much Will the Bonds Cost in Taxes?

RECEIVED Mon., Oct. 22, 2012

Dear Editor,
    Re: Easy answer on the city bond issues ["City Bond Breakdown,” News, Oct. 19]: It’s rare when there is an “easy answer.” The seven bond propositions (which the Chronicle endorsed) on this November’s ballot are a perfect fit for an “easy answer.” For “Informational and Educational” purposes, the City Council (and their staffers) point voters to a bond brochure at www.austintexas.gov/news/voter-information-brochure-2012-bond-election-now-online.
    There is a statement that the “[bond brochure] does not advocate passage or defeat of the measures and is intended for informational and educational purposes only.” That's obviously incorrect, as is clearly shown by their “Financial and Tax Impact” disclosure, “No increase in this year’s property tax rate is anticipated as a result of passage of these propositions.” A totally misleading lie – yes, a lie, by omission and commission. We know there will be no increase in the tax rate for 2012, because there will be no borrowing in 2012. I contacted each City Council office and the mayor for clarification and have received none. My only questions is, how much will this bond cost me in taxes, as a median price homeowner in the city of Austin? Travis County provided this information in 2011, but the city of Austin seems unable to do the same thing now. Think of yourself as borrowing money to buy a house; you would not do it unless you knew the payment amount. Since we do not know how much each bond will cost and the city refuses to disclose that information, the “easy answer” is to vote “no” on all bonds.
John Goldstone
NEWSLETTERS
One click gets you all the newsletters listed below

Breaking news, arts coverage, and daily events

Can't keep up with happenings around town? We can help.

Austin's queerest news and events

Updates for SXSW 2019

All questions answered (satisfaction not guaranteed)

Information is power. Support the free press, so we can support Austin.   Support the Chronicle