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Posted on April 27, 2012 at 7:38 PM
Updated yesterday at 8:16 PM
San Antonio Mayor Juli?n Castro sat down with?me for a one-on-one interview regarding?the upcoming May bond election.
Early voting begins April 30 - May 8. Election Day is May 12, 2012.
Mayor Castro says San Antonio needs the bond passed for two reasons.?
"We're one of the fastest growing cities in the United States...?and we have a tremendous amount of infrastructure needs," ?said Castro.
The?nearly $600 million proposed bond will be spent this way:
- $337 M on streets, bridges, sidewalks??
- $128 M on flood control
- $87 M used for parks and recreation
- $29 M on museums and cultural arts
- $14 M on public safety
"I can't tell you how many people over the years have complained about drainage," Castro said.?"Some of the money will go towards that. And?there's more of a demand on parks. We need to invest there."
A major?media campaign involving the mayor and former mayor, Lila Cockrell,?claims the 2012-2017 Bond can be funded without raising taxes because of the financial strength of San Antonio.
"We're the only city in the top 10 by population to have a triple-A bond rating," says?Castro.
The proposal has opposition. Bob Martin with the?Homeowner Taxpayer Association believes the bond will cost $830 million and will necessitate raising taxes.
"Can we absolutely guarantee that under no circumstances there will never have to be a raising of the property taxes. Of course not," Castro said. "We've waited five years, and diffused debt over that time,?so?we have the ability to do this without a property tax increase."
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