San Antonio Sets GO Date

The San Antonio City Council last week set May 12 as the election date for the city’s request for $596 million of general obligation bond authority for infrastructure improvements.

The bonds would finance 140 projects on a list officially formally adopted by the council Feb. 16.

The 2012-2017 capital improvement list includes $337.4 million for 41 street and bridge projects, $128.1 million for drainage work, $66.7 million for parks, and $63.8 million for city facilities and community initiatives.

The bonds would finance a $1.2 million upgrade of Alamo Plaza. Other downtown projects include $15 million for streets in the HemisFair Park area and $15 million of improvements to the park.

Approval of the bonds would not require a property tax increase.

San Antonio’s $1.3 billion of outstanding general obligation debt is rated triple-A by all three  major rating agencies.

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Texas
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