The Blanton Museum of Art
"...If Prop. 2 passes, $12 million in bonds already issued would be canceled, and the 1,000-plus page development contract would have to be renegotiated..."
"...Ditto the bond rating scare: what on earth does any of this have to do with municipal bonds?..."
"...CAMPO should not override the red flags the initial market valuation is raising. The CTRMA wants to overlook the financials on this road and build it. The CTRMA wants to use shaky toll revenue from 183-A to secure toll bonds for 290 East because bond insurers like AIG are no longer able to insure these risky projects..."
"...Once a financing plan is crafted, the CAMPO Policy Board would vote on whether to officially put the project in its 2030 (soon to be 2035) long-range regional transportation plan. At some point, voters would have to give Cap Metro the authority to operate the Green Line; jurisdictions desiring to use bonds or other taxing authority also would need voter approvals..."
"...21; Potential revenue sources: fare-box revenue, sales tax, property tax, assessments, user fees, parking revenues, federal funds, state funds, general obligation bonds, hotel/motel tax, electrical sales, development revenue and franchises, capital improvement projects budgets (water/wastewater, roadways, airport), other fees, private-sector contributions..."
"...District administrators presented the board with a projected 2009 budget of $971.8 million. This split in three: $864.7 million for the General Fund, paying for staff and operations; $72.8 million for debt service, which pays off bonds; and $34.3 million for food service..."
"...Research shows that breast-feeding aids mental development, increases emotional bonds, reduces the risk of type 2 child diabetes, and is more cost efficient than formula – yet the majority of Texas mothers stop breast-feeding before the recommended 6 months. According to Gail Gresham, breast-feeding coordinator for Women, Infants, and Children, the problem is a lack of support for mothers in the face of social and physical roadblocks..."
"...Asbell: Absolutely. You form bonds with people you might not otherwise have a conversation with..."
"...Correction: Last week I reported that the city had contributed $7 million in affordable-housing bond funding to the rebuilding of Skyline Terrace by Foundation Communities. The Neighborhood Housing and Community Development Office informs me that the precise city support was: 1) $1.5 million of general obligation bonds, 2) $956,000 of federal HOME funds, and $1 million in Housing Trust funds, from the city's Housing Financing Corp...."
"...Dear Editor, One quick correction to Michael King’s article “Point Austin: A Tale of Two Cities” [News, July 4] about the challenges of creating affordable housing. Our new Skyline Terrace community received $1.5 million of the new $55 million in city general obligation bonds, not $7 million as stated in the article. Over the past six years, the city of Austin has invested $7.3 million from a variety of local and federal housing programs in helping Foundation Communities create 350 efficiency apartments for single adults with very low incomes..."
"...Adrian Ramírez, assistant director of ICE's San Antonio field office, told the Chronicle that "as soon as a person goes to jail, if they are then ID'd as foreign born, they are interviewed as to their immigration status." He said that there is no set time frame for this process but that it typically takes one or two days. ICE holds also take precedence over criminal bonds, which means that even if an inmate can pay the bond to get out of jail, he or she may still have to stay and wait for the ICE interview...."
"...Last legislative session, after hearing testimony about collapsing infrastructure, overstretched employees, and staff having to cannibalize old vehicles to keep their trucks on the road, lawmakers rejected calls from the Legislative Budget Board to slash the beleaguered agency's already bare-bones budget. Instead, they added $25.6 million to the operating budget, and in November, voters approved another $69 million in bonds for vital infrastructure repairs..."
"...The worrisome backstory, as the Chronicle's Richard Whittaker has reported, is that Props. 1 and 2 contained much that is either state-mandated or truly ordinary expenses, which should not require bonds (i.e., borrowed money) for funding – one more sign that the Legislature, under the flimsy disguise of "no new taxes," continues to push public costs downward onto local taxpayers, even while it makes it more difficult for local authorities to raise money...."
"...But who does this big turn-out of candidates hurt the most? Traditional thinking has always said that the free-market end of the GOP is most likely to break bread with the Libertarians, but there’s a theory that they may be picking up on some protest Democrat (and stoner) votes. Either way, as pretty much the only people to come out against the Austin ISD bonds that were passed by an almost 3-1 majority this weekend, it’s still not going all the Libertarians’ way...."
"...Plus, as AISD board of trustee's president Mark Williams pointed out, this is the second time voters have approved funding for a performing arts center, having already put money toward it in the last bond election. So starting the ball rolling on that may be one of the first jobs for new District 3 trustee Christine Brister, who took the seat with pretty much the same 2-1 margin that the bonds passed by...."
"...AISD: Brister and all 3 bonds appear headed for easy victory...."
"...ELECTION DAY Go vote already! (See austinchronicle.com/election for election news, Chronicle endorsements, and past weeks' riveting play-by-plays on school bonds, ACC/AISD trustees-to-be, and your rascally City Council candidates.) www.ci.austin.tx.us/election. Sunday 11..."
"...Projections of local sales-tax revenues – which amount to 28% of the city's general fund – were overshot dramatically; instead of the estimated 7.5% growth, the numbers had come in at 4.7% and now, following a month of negative revenues, stand at an increase of 3.8% for the year. In order to get a sense of the city's total potential revenues for the new budget year, budget officer Greg Canally prepared three projections (with each property-tax rate including an extra penny to pay for the 2006 bonds):..."
"...Ken Vasseau is an apartment locator who has acknowledged running for council in order to raise his business profile. His seven-point platform calls for "issuing municipal bonds at low rates" to pay for public safety services and finding "a solution to the panhandling epidemic."..."
"...The amount brings Carollo's total for work on the plant to more than $42 million. A separate but related piece of business, Item 8, has the Austin Water Utility issuing $20 million in commercial paper bonds, because, as a memo from Assistant City Manager Rudy Garza puts it, "[d]ue to the additional costs associated with the new site and the backup plant site, it is necessary for the Utility to seek additional appropriation in the Fiscal Year 2007-08 Capital Budget." This won't be the last funding request for WTP4 either: Item 19's backup states, "Staff will return to Council for approval of additional funding for Carollo Engineers for the construction phase and warranty assistance phases for WTP 4 on this new site." – W.D...."
"...He's currently an apartment locator and real estate agent. Vasseau has issued a seven-point platform for his campaign, including calls to "issue municipal bonds at low rates" in order to provide services and utilities required by sprawl, "against converting freeways into tollways," creating a "5-mile radius for disposal of analog TVs," "mixed-use city garages, retail, restaurant/bar etc.," and "find solutions for crime at Highland Mall."..."
"...Another step toward stabilizing the district before handover will be the cash injection of the proposed May bonds. Much of what will be on the ballot is for essential repairs, urgent relief for overcrowding, or mandated investment to reach academic or health and safety standards..."
"...The Muse presentation was full of rhetoric about "creativity" and "job creation" and "stimulating industry growth" and "Facilities + People = Sparks" – yet the project team could not answer direct, fairly simple questions posed from the dais. Mayor Will Wynn asked, if the problem is Austin's potential annexation, "Why not make these exact same proposals in our ETJ with an agreement not to annex?" The response referred vaguely to "timing" and the "marketability of the bonds." Trying to help the Musers, Brewster McCracken (who supported the release) asked more than once, "What would be the [financial] impact" of being inside or outside the ETJ? "We've been asked to look at quantifying that," was the response, "and we're just not prepared to do so at this time." An attempt by Betty Dunkerley to elicit an explanation of the bond timing also got nowhere...."
"...Forgione always tells me, don't let the perfect be the enemy of the good." In a second resolution, the board also adopted a covenant that says, should the propositions pass, board members will not be able to make major changes to any approved projects without consulting with counsel, as well as holding public hearings. The board also committed itself to forming a citizens' oversight committee to monitor the projects funded by the bonds..."
"...Actively in play for the proposed voter referendum: Exactly what transit modes and lines would voters be authorizing? Would voters simultaneously vote yea or nay on general obligation bonds or other funding? Who would call the election – Capital Metro? The city of Austin? The Regional Mobility Authority? That's what the group members need to help determine, and fast. Rail systems take a long time to plan and build – so proponents believe there's no time to waste..."
"...What chairs Sens. Steve Ogden, R-Bryan, and John Carona, R-Dallas, want to see is the Transportation Commission refrain from redirecting project funds to maintenance unless absolutely necessary and begin issuing the $5 billion in bonds approved by voters last November..."
"...Remember that whole UT Regents meeting that happened last week? Well, among all the spending for new communication and liberal arts buildings, and more offices for those cool biomedical engineering cats, hid a peculiar little gem: more stadium seating at Royal-Memorial Stadium! That's right. The south end zone got jealous of the north end zone, and now they're going to add 3,500 to 4,000 bleacher seats with $21 million in bonds and $4 million more to be gathered through donations..."
"...There are, alas, more than a few small problems with Rathgeber's offer: 1) The math only works if the gift can still be considered "matching" funds for the 2004 bonds, which likely will require the attorney general's review. 2) Would the location be part of the new bond vote – and if the site doesn't work out for any reason, does the bond crater again? 3) At this very late date in the bond process, how are the CBAC and the board and the public supposed to evaluate this (admittedly very well-dressed) pig-in-a-poke?..."
"...Thought Austin had a rough downturn? As city manager, having to correct a "structurally imbalanced" budget meant Cauthen had to cull $254 million in "expenditure reductions" – no mean amount of arithmetic. He augmented the cuts by garnering more than a billion dollars in revenue through bonds and voter-approved tax increases, all while managing to maintain high ratings from the bond houses..."
"...3) Anybody Find Those Hippie Hollow Pics? If the early press on Toby sought to impart anything, it's that she was "Austin" through and through. In his Chronicle profile ("She's One of Us," June 7, 2002), Mike Clark-Madison recounted that when voters approved 1998 open-space bonds, "Futrell danced barefoot within the drum circle, under the stars, at the victory party thrown by [the Save Our Springs Alliance]."..."
"...18 meeting – a lively affair, dealing with issues ranging from replanting the soccer field to fighting feral hogs to preventing teenage vandalism in Trailhead Park – several of the dozen residents in attendance requested that the board consider withdrawing from the suit, or at least not pursuing an appeal should the court rule against the MUD. While none of the residents directly disputed the board's insistence that Section 5 is "inequitable" – because "it assumes that we're guilty" of potential voting violations, said one board member – several called it an "ideological" lawsuit that is "not germane" to the practical business of running the MUD, which exists to repay infrastructure bonds and manage park facilities..."
"...The list of ignominy is eye-poppingly long: Roger Clemens, Barry Bonds, David Justice, Miguel Tejada, Ken Caminiti, George W. Bush, Dick Cheney, Donald Rumsfeld, Colin Powell, George Tenet ......"
"...If the library were to be located on the site of the soon-to-be-decommissioned Green Power Plant, then the project would likely be folded into a larger multiuse development. Under the original schedule for the bonds passed last November, the central library would be one of the last projects to be built, possibly to give the Austin Public Library Foundation and the Friends of the Austin Public Library the ability to do some additional fundraising..."
"...Conservation Foundation. A greenprint could affect decision-making in all five counties and in cities like Cedar Park, where last November voters approved nearly $18 million in bonds for parks and conservation. Travis County Process..."
"...In January she'll likely be sentenced to hard time in prison. In the coming weeks, she is scheduled to testify against her former coach Graham in the Balco steroid case, a case which has also finally laid the mighty Barry Bonds low...."
"... On a related note, a whopping 500 residents attended a public meeting Monday in Burnet County, most to express their opposition to county commissioners regarding a proposed 500-bed private detention center in the area. "Burnet County residents are concerned that the proposed jail will be operated by a Louisiana-based for-profit private prison corporation and that out-of-county prisoners will be shipped to the prison and that Burnet has taken steps to float revenue bonds to pay for the prison, which could endanger the county's future bond rating, without a public vote," according to Bob Libal, spokesman for those opposed to the facility..."
"...The least popular is Prop. 4, the scattershot amendment that would approve up to $1 billion in bonds for a variety of construction projects (some good, some bad), but it's still winning at 58%. Up in Fort Worth, with 41 of 45 precincts counted, Democrat Dan Barrett is headed for a runoff in the special election to replace retiring Anna Mowery in state House District 97..."
"...Who's footing the bill for the tunnel work? We are. The cost of the project is being divided between city bonds and a tax-increment finance district co-sponsored by the city and county...."
"...Take Paul Robbins for example. He stood before the council on Thursday to speak about the city charter and how it is routinely ignored, in regards to voter approval for revenue bonds..."
"...Collage is a valid form, and artist Ronnie Weeks uses it well. When obvious references and strategies are not apparent, as in Her Biological Clock or Harvest Time, the different elements form stronger bonds..."
"...Kress told The Dallas Morning News two weeks ago that he had never been in the running. In the meantime, Scott has announced plans for a major reorganization of the TEA – minor reorganizations are an annual event – and told school administrators at a recent conference he's committed to aligning high school and college curriculum, overhauling career and technology education, and getting the nod from the feds to expand the program to use the state's credit to guarantee school district bonds..."