First I’d heard of this, but it should be pretty routine.
Houston will ask voters in November to approve a $478 million bond program to buy fire and police vehicles, renovate or replace city facilities and give the city’s animal shelter a new home.
City Council voted 16-1 Wednesday to approve an election for Nov. 8, Houston’s first bond referendum since 2017. District G Councilmember Mary Nan Huffman was the lone no vote.
If approved by voters, the city would sell the bonds to investors and use the proceeds on infrastructure. It would pay back the money, plus interest, with debt service over a longer term. The proposed debt package does not include an increase in property taxes.
Mayor Sylvester Turner said the strategy in formulating the plan was to be “very pragmatic” and avoid creating a “wish list” of spending items. A massive increase in debt service would put a drag on the city’s operating budget, he said. Houston has paid an average of $340 million over the last four years to pay down past public improvement bonds.
To that end, the package primarily would be used to fund $194 million in already-planned projects in the city’s capital budget that have no current funding source. They are listed in the plan as being paid for by a “future bond election.”
The proposal also would hold $156 million to address the city’s backlog of deferred maintenance and $60 million to help cover higher inflation costs. Also included are $45 million for a new animal care building, $13 million for new parks facilities, and a $10 million earmark for improvements to Agnes Moffitt Park in Timber Oaks. District A Councilmember Amy Peck won council approval on an amendment to tack that project onto the proposal during the vote Wednesday.
In the broader bond package, more than half — $277 million — would go to public safety, $50 million to parks, $47 million to BARC, $29 million in general government improvements, $26 million for libraries and $6 million for Solid Waste Management.
Among the projects already in the works: $87.5 million for police and fire vehicles and equipment, the $13.7 million replacement of Fire Station 40 on Old Spanish Trail, $9.2 million in other fire station renovations, $8.8 million for the renovation of five health and multi-service centers, and $2.8 million in upgrades to City Hall.
All of that spending will be dependent on voters’ approval in November.
There will also be a Harris County bond referendum on the ballot as well. If past form holds, both will be split into multiple items, each one specific to a purpose. In 2017, two years after the last Harris County bond referendum, all five Houston items passed with 72 to 77 percent of the vote. I will be surprised if there’s any serious opposition to this.