A bond package designed to ease transportation woes in Austin grew by $5 million to $90 million in a revised proposal released last week. The City Council is expected to vote later this month to put the general obligation bond proposal on the November general election ballot.
The original proposal was for an $84.8 million bond package, with $42.6 million dedicated to road and street projects, and $42.2 million of improvements to sidewalks, bicycle lanes, and hiking trails.
The revised proposal allocates $51.3 million for streets and roads and $38.7 million for other transit projects.
Additional projects include $2.3 million for reconfigured highway ramps and a $1 million contribution to a state traffic study aimed at reducing congestion on Interstate 35 through the city.
Voters approved a $567.4 million GO package in November 2006 that included $103.1 million for transportation projects.
The city has $790 million of triple-A rated GOs outstanding.
