San Antonio voters approve $596 million bond program
For immediate release contact: Roland Martinez
May 13, 2012
San Antonio voters approved the City of San Antonio’s Proposed 2012-2017 Bond
Program on Saturday, May 12.
The $596 million program, divided into five propositions, was approved as follows:
- Streets, Bridges & Sidewalks - 72 percent in favor
- Drainage & Flood Control – 73 percent in favor
- Parks, Recreation & Open Space – 64 percent in favor
- Library, Museum & Cultural Arts Facilities – 62 percent in favor
- Public Safety Facilities – 67 percent in favor
The 140-project bond program includes:
- 41 projects in Streets, Bridges & Sidewalks – $337.44 million
- 17 projects in Drainage & Flood Control – $128.03 million
- 68 projects in Parks, Recreation & Open Space – $87.15 million
- 11 projects in Library, Museum & Cultural Arts Facilities – $29.03 million
- 3 projects in Public Safety Facilities – $14.35 million
“I'm pleased that San Antonians expressed their confidence in City Hall by approving a
bond program that will continue to improve upon the attractive quality of life we enjoy in San
Antonio," Mayor Julián Castro said. "Like past bond issues, we will strive to reward that trust by
completing these 140 projects on time and within our budget.”
City Manager Sheryl Sculley said, “The positive outcome on Election Day comes after an
extensive process that involved community input and many months of hard work by residents,
City Council, and City staff. The City of San Antonio has a successful record of managing bond
programs, with the 2007-2012 Bond Program under budget and substantially complete. We look
forward to implementing the 2012 Bond Program as we design, bid, and construct the projects
to meet the community’s significant infrastructure needs and to build a great San Antonio.”
A City of San Antonio property tax rate increase is not recommended to fund the 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 bond program does not include funding or projects
for VIA’s streetcar program.
A Citizens Bond Oversight Commission, established in 2003, will continue to monitor the
progress of the 2012-2017 Bond Program.