Proposition E – Health & Human Services
Proposition E is about funding “health and human services” in a new neighborhood.
The city wants to be able to equip a new neighborhood, Dove Springs, with a public health & human Services facility.
In order to fund these activities, the city is proposing an issuance
of
See also
- City of Austin’s Bond Brochure Booklet for Proposition E
- How do city bonds work and how are they funded?
Original city notice
Shall the City Council of the City of Austin, Texas be authorized to issue general obligation bonds and notes of the City for the public purposes of planning, designing, acquiring, constructing, and equipping a new neighborhood public health and human services facility in the Dove Springs area, to be owned and operated by the City; acquiring land and interests in land and property necessary for such purposes; and all matters necessary or incidental thereto; with the bonds and notes to be issued in one or more series or issues, in the aggregate principal amount of $16,000,000, to mature serially or otherwise and bear interest at a rate or rates not to exceed the respective limits prescribed by law at the time of issuance, and to be sold at the price or prices as the City Council determines and shall there be levied and pledged, assessed, and collected annually ad valorem taxes on all taxable property in the City in an amount sufficient, within the limits prescribed by law, to pay the annual interest on the bonds and notes and to provide a sinking fund to pay the bonds and notes at maturity?