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Staff: $2.45 billion in bond programs; $166 million housing balance uncommitted, $790 million in CEO authorizations
Summary
City staff told the Audit & Finance Committee on Feb. 3 that the 2012''2 general obligation bond programs total $2.45 billion in appropriations with $1.5 billion spent so far; housing has about $166 million uncommitted and certificates of obligation and related non-voter debt authorizations exceed $790 million.
City staff briefed the Austin Audit & Finance Committee Feb. 3 on the status of remaining general obligation (GO) bond funds from 2012 through 2022 and on non-voter debt authorizations.
Eric Bailey, deputy director for Capital Delivery Services, told the committee the combined bond programs include a total appropriation of $2,450,000,000 across more than 1,200 projects; about $1,500,000,000 has been spent and the city has completed more than 700 projects. Bailey said remaining balances are concentrated: "about 20 projects that account for 60% of the non housing bond balance," and he outlined expected design and construction timetables for several corridor…
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