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Bond issue set for November

Should be pretty straightforward, though I suppose you never know.

Mayor Sylvester Turner

November’s ballot will feature $495 million in public improvement bonds after City Council agreed Wednesday to send the package to Houston voters.

The general bonds, which would not require a tax hike, would fund improvements to libraries and parks, as well as items like new police and fire trucks. They will appear alongside $1 billion in pension obligation bonds.

“Many of our police officers are driving in vehicles that are 10 to 11 years old, if not longer. Same thing for firefighters,” Mayor Sylvester Turner said. “Solid waste – driving in trucks that are stopping while they’re out collecting trash. So the public safety issue is important.”

In all, the bond package before voters asks for authorization to issue $159 million in public safety bonds, $104 million for parks, $109 million for general government improvements and $123 million for libraries.

[…]

The general bond measure before voters simply would authorize Houston to issue additional bonds. It would not obligate the city to further spending without City Council approval.

If voters agree, the pension obligation bonds set to appear alongside the improvement bonds would complete the mayor’s pension reform deal by infusing Houston’s underfunded police and municipal pensions with $1 billion.

See here for some background. The last bond elections we had in Houston were in 2012. All five passed, four with over 60% of the vote and the fifth with 55%, with turnout in the neighborhood of 400K. Suffice it to say, turnout will be lower this time around. My guess for the baseline is in the 50-75K range, with the possibility of a bit more if the firefighters’ pay parity proposal is on the ballot and there’s a lot of money spent on it one way or the other. I don’t think this lower level of turnout affects the odds of passage in either direction. I do think the type of person who is likely to show up for this kind of issue is also the kind of person who probably supports bond issues; whether that gets us into 2012 range or not I couldn’t say. I also expect to take any polling for this with an enormous amount of salt. What do you think?

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One Comment

  1. Steve Houston says:

    It was reported that Anna Russell hadn’t finished the first pension petition’s count as of yesterday and the deadline is fast approaching so I don’t think it or the parity issue will come up for a vote in November.

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