How were these projects chosen?

In the spring and summer of 2022, Kyle City staff and council carefully reviewed existing street conditions, listened to expert engineers and traffic modelers, and looked at dozens of potential projects across the City. They also used data from the City’s 2022 Community Survey results, where citizens expressed interest in safety, mobility, and maintenance of existing roads, to inform their recommendations.

The City also produced preliminary engineering reports for 10 potential projects in the summer of 2022 and selected 8 of them to include in the final bond program.

The Kyle City Council held two bond workshops that were open to the public and broadcast on the City’s website and Kyle TV. On August 22, 2022, the City Council voted to put Proposition A on the ballot for voters to decide. On November 8, 2022, voters approved Proposition A.

The July 7 City Council bond workshop, the July 23 City Council bond workshop, and the August 22 City Council meeting are available to watch on the City of Kyle’s website.

how much will proposition a cost taxpayers?

The City’s outside financial advisors used what they describe as “very conservative” assumptions when analyzing tax impact. To protect the City, the staff and advisors modeled the tax impact as if there were an economic downturn in the Kyle area, with new commercial and residential construction (and, thus, new tax base creation) slowing to a fraction of past levels or current trends. 

The projected tax increase is $0.0917 per $100 valuation. That translates to about $25.87 per month for the average-priced single-family home in Kyle. If current growth trends continue or accelerate, the cost per average home might be significantly less than modeled, as proved to be the case with the City’s last transportation bond in 2013. That price could also be higher, if, for example, the City quit growing altogether or lost homes and population.

How do bonds work?

These voter-approved projects will be paid for by “general obligation bonds,” meaning bonds will be sold to investors backed by the full faith and credit of the City of Kyle’s excellent AA- bond rating and paid off using city property taxes.

how will the money be spent?

The City of Kyle is under legal obligation to spend bond funds on projects specified in the proposition that voters approved in November of 2022.