2022-07-04

What You Need to have to Know About Austin’s Proposition B

3 min read

AUSTIN, Texas — Austin’s Proposition A, which would fund the massive Venture Link transit prepare, is the big one particular. It is not the only mobility proposition Austin voters will be choosing on, even so.

Basically place, Proposition B would provide $460 million in taxpayer resources to transportation infrastructure. That contains sidewalks, bikeways, city trails, transportation protection tasks, risk-free routes to colleges, and substandard streets.

Linked: What You Have to have to Know About Austin’s Proposition A

The ballot language is as follows:

“The issuance of $460,000,000 in tax supported general obligation bonds and notes for preparing, developing, reconstructing, and improving sidewalks, city trails, bikeways, bridges, roadways, streets, intersections, and associated utility and drainage infrastructure for the roads and streets improving upon traffic signal synchronization and communications and command programs and buying and installing traffic indicators and related technological know-how to carry out traffic protection and traffic fatality reduction tactics and obtaining land and passions in land and property needed to do so and the levy of a tax enough to pay for the bonds and notes.”

Where by Would My Dollars Go?

If permitted, $80 million would go toward sidewalks. Of that, $50 million is earmarked for new sidewalks and $30 million for rehabilitation of current sidewalks.

The City is eyeing $80 million for the construction of Tier 1 urban trails, patterns for Tier 2 city trails, and building and constructing path connections.

Austin would get $40 million and commit it to transportation-linked bikeways.

About $65 million would go to Safety/Eyesight Zero, which is a roadway reconstruction strategy that contains assignments at 25 intersections, speed mitigation, pedestrian crossing initiatives, and fast response projects on the Higher-Damage Community.

The proposition incorporates $20 million for secure routes to university. That contains figuring out extra than 4,0000 possible jobs to boost basic safety for elementary and middle university students who walk or bicycle to and from school.

About $19 million would be established apart for the Nearby Transit Improvement Application. This incorporates initiatives not lined by Challenge Connect these as dependability, velocity, and protection of neighborhood bus company and transit access.

Roughly $1 million would be devoted to the Community Partnering System. The application will involve local community-initiated cash improvements.

A good chunk of the cash, $53 million, would be devoted to the advancement of substandard streets. That features individuals roadways that do not fulfill Town avenue benchmarks for basic safety, mobility, and drainage.

The remainder of the revenue, $102 million, would go to Big Money Enhancements. That consists of the Congress Avenue Urban Layout Initiative and Longhorn Dam Bridge Multimodal Advancements, between various other individuals.

How Considerably Would This Price tag Me?

Passing Proposition B would maximize your assets taxes, and how significantly you would pay out is dependent on the really worth of your property.

According to the Town, if your residence is worth $250,000, your annual added tax load would be $50. If your property is worthy of $325,000, you’d be seeking at an added $65 per yr. If your household if worth $500,000, you’d be on the hook for an additional $100 per yr.

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