Ballot Proposition. Texas Transportation Bonds.

What’s happening? This November’s ballot in Texas will include a HJR 99 (2021 | TX) that will allow counties to issue bonds or notes to finance development of “an unproductive, underdeveloped, or blighted area.” 

Why is this important? Cities already have this authority in Texas

How will this be important? The 2 limits placed on the bond sale include:

•  prohibit counties from allocating more than 65% of annual property tax revenue increases annually to repay the bonds
• no toll roads

Landline | Texas voters to decide on transportation bonds