Transportation Bond 2015
Election Results: The transportation bonds on the May 9, 2015 ballot were approved by Georgetown voters with 75.18 percent of voters in favor.
A bond proposal on the May 9 ballot in Georgetown would authorize $105 million to fund transportation projects over 10 years.
Funding would be in three categories: build, design, and plan.
Build: construction of new roads or sidewalks
Design: engineering to make projects shovel-ready when construction funding is available
Plan: initial design work
Proposed projects would address five key transportation objectives. Click on the overall transportation projects map or the individual projects below for additional information.
Central core mobility
Sidewalk and ADA accessibility
Intersection and safety improvements
$5 million (build)
Completion of engineering and design work enables a project to be eligible for funding from other local, state, or federal sources when they are available.
Note that anticipated transportation projects may be adjusted as a result of market conditions, available state or federal funding, or other factors.
CONTRACT WITH VOTERS
A Contract with the Voters as part of the 2015 Transportation Bond Election provides guidelines for the maximum property tax impact as a result of bond debt for a given year and over the term of all bond issuances. The City will manage debt issuances to stay within these per year and overall maximums.
Property tax rate increase from bonds
- Maximum 2 cents per year
- Maximum 10 cents cumulatively
First-year tax impact for average homeowner: $31*
Cumulative impact for average homeowner: $252*
*Average home value: $210,000. Tax impact analysis subject to change based on future values, market conditions, and other factors.