Pension obligation bonds pass easily.
Mayor Sylvester Turner
Houston voters passed a $1 billion pension bond referendum by a wide margin late Tuesday, securing Mayor Sylvester Turner’s landmark reform package and, the mayor hopes, marking the beginning of the end of a 16-year fiscal crisis.
The ballot item’s passage now means the city can follow through on its plan to infuse $750 million into the police pension and $250 million into the municipal workers’ pension to improve their funding levels and lower Houston’s annual payments into its pension funds.
If voters had rejected the measure, up to $1.8 billion of the $2.8 billion in hard-won benefit cuts in the reform bill would have been rescinded, adding tens of millions of dollars in costs to the city budget overnight.
“This effort has not been easy,” the mayor said at an election night party. “Tonight is not a victory for Sylvester Turner. Tonight is not a victory for the members of city council. Tonight is not just a victory for the employees. Tonight is a victory for the city of Houston.”
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Many City Hall insiders and political observers had predicted voters could balk at a $1 billion bond and produce a close vote. But University of Houston political scientist Brandon Rottinghaus said, because the GOP-run Legislature had approved the reform package earlier this year, there was no organized opposition to shake voters from their typical habit of granting approval to city bond issues.
“Because most conservative groups and Republicans and most big players on the state level endorsed the bonds, it was unlikely that there would be much of a fight, and there wasn’t,” he said. “My honest guess is that people probably weren’t that attentive to the importance of Prop. A; it was simply the case that the city was asking for more money, as they routinely do, and the good news is that people typically vote yes.”
I gave up and went to bed before the final results came in, but Prop A had over 77% support, with absentee, early, and Election Day totals all being at about the same level. Turnout was higher than predicted, with over 87,000 votes being counted with a fifth of precincts still not having reported. I’ll have more analysis of this for tomorrow, but in the meantime, the other bonds passed, too.
Houston residents can look forward to a smattering of facility upgrades – including repaired libraries, new community centers and renovated fire stations – thanks to what appeared to be overwhelming voter support for $495 million in public improvement bonds.
Propositions B through E passed easily Tuesday despite anemic local turnout in a city lacking a marquee race.
The bonds’ passage, which will not require a property tax increase, would authorize Houston to issue $159 million in public safety debt, $104 million for parks, $109 million for improvements to general government facilities and $123 million for libraries. They are the first the city has requested since 2012.
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Meanwhile, residents of Houston’s Heights neighborhood, in the northwest, were set to further loosen restrictions on area alcohol sales.
Heights voters already had lifted a 105-year-old ban on the sale of beer and wine at grocery stores last year, but customers who wanted to drink at neighborhood restaurants or bars still had to join a “private club” by submitting a driver’s license for entry into a database.
Passing Proposition F lifts that requirement, leaving the neighborhood nearly wet. Liquor sales at grocery and convenience stores still would be banned.
I don’t expect that last bit to change any time soon. Props B through E were at similar levels of support as Prop A, garnering between 72 and 76 percent; Prop F, limited to just part of the Heights, had over 62%. I should note that the other four citywide props did have official, if perhaps not organized, opposition, as the Harris County GOP and conservative groups like the C Club and the HRBC opposed them. Didn’t have much effect, I’d say.
Elsewhere, school bond issues in Spring Branch and Katy were approved, while all seven constitutional amendments were passed. As I said, I’ll have more to say on Tuesday’s results tomorrow.
UPDATE: Final turnout in the Harris County part of the city was 99,460, which is higher than anyone projected it to be.
