Austin's Climate Bond Decision

It's no longer a question of if, but when Austin will ask voters to approve a bond package for much-needed climate infrastructure projects. With climate-related disasters on the rise, the city can't afford to delay.

General Obligation Bonds: What are they?

• Used by cities to fund major capital improvement projects that standard revenue can't cover. Source
• Approved by voters and repaid via property taxes collected by the city.

The Council's Debate

Until Wednesday, there were two opposing proposals:

• District 5's Ryan Alter: Climate bond election on the 2024 ballot. Full proposal

• Mayor Kirk Watson: Bond no later than 2026, citing the need for thorough preparation. Full proposal

  "This is a complex issue, and staff deserves time to address it well...Anything the Manager’s office would bring to us at this point would be piecemeal and lack the rigor we should want." - Mayor Kirk Watson

The Turning Point

On Monday, Ryan Alter argued for immediate action in light of the Supreme Court's recent blow to environmental protection. Source

On Tuesday, Mayor Watson announced his resolution for a comprehensive bond package by 2026, gaining support from four council members.

Update: On Wednesday, Ryan Alter withdrew the 2024 proposal, joining Mayor Watson's resolution. Source

> "I am encouraged that this conversation...is now taking such a prominent role." - Ryan Alter

With the council uniting behind Mayor Watson's resolution, Austin takes a decisive step toward addressing its climate challenges.

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