2012 Bond News Release - February 16, 2012

City Council unanimously calls for election of proposed 2012-2017 Bond Program

For immediate release contact: Roland Martinez

February 16, 2012

Today, Mayor Julián Castro and the City Council unanimously approved calling an election on Saturday, May 12, for the City of San Antonio’s proposed 2012-2017 Bond Program.

The $596 million program will be divided into five infrastructure categories:

  • Streets, Bridges & Sidewalks – 41 projects – $337.44 million
  • Drainage & Flood Control – 17 projects – $128.03 million
  • Parks, Recreation & Open Space – 68 projects – $87.15 million
  • Library, Museum & Cultural Arts Facilities – 11 projects – $29.03 million
  • Public Safety Facilities – 3 projects – $14.35 million

The proposed 140-project bond program would be the largest in the City’s history.

A City of San Antonio property tax rate increase is not recommended to fund the proposed 2012-2017 Bond Program. The City’s current property tax rate is projected to be sufficient to fund the debt service payments for the program.

In addition, the proposed bond program does not include funding or projects for VIA’s streetcar program.

“This bond program reflects the input and priorities of San Antonians by focusing on the meat and potatoes of local government – streets, drainage, public safety, parks and libraries," Mayor Castro said. “Like past bond programs, it also invests in every sector of the city and emphasizes projects with broad community-wide impact.”

City Manager Sheryl Sculley said, “Extensive community input was used in the development of the proposed 2012-2017 Bond Program. This was an open and thorough process involving several months of hard work by citizens, City Council, and City staff.”

Early voting will be from Monday, April 30, to Tuesday, May 8. More information will be available at this web site – www.sanantonio.gov/2012bond.

Last summer, Mayor Castro appointed Lila Cockrell, Tessa Martinez Pollack and Carri Baker Wells as tri-chairs for the proposed 2012-2017 Bond Program. The Mayor and City Council appointed 128 community members to serve on four Bond committees. Each committee consisted of Mayor-appointed co-chairs and 30 members. Each City Council member appointed three community members per committee.

The City of San Antonio continues making progress on the 2007-2012 Bond Program, with substantial completion scheduled for June 2012. Voters overwhelmingly approved that bond program of $550 million in May 2007. The 2007-2012 Bond Program is 93 percent complete or under construction.

Due to a favorable bidding environment and proper planning, organizational structure, and oversight, the 2007-2012 Bond realized $47 million in savings, which are being used for City Council-approved street, drainage, and park infrastructure projects across the city.