Austin Local News
Urban rail opponents say voters only being asked to approve rail, not road funds
More concerns arise on the bond election for Urban Rail for Austin voters.
Language in the billion dollar bond election for urban rail is a big sticking point for some opponents. Financial analyst Brad Parsons says the taxing increase and doing it through certificates of obligation are inappropriate, "And what the voters are actually voting upon is whether the voters approve the $600 million in general obligation bonds for rail. That's the only thing they're asking the voters."
Even if voters approve the rail bond in November, Austin City Council, not voters, have to approve 400-million dollars for roads. Also, an equal match in funds for Rail from the federal government is required.