The Greater San Antonio Chamber of Commerce

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Date

1/24/2012

Board Supports New City Bond Proposal

The Chamber’s Board of Directors gave its stamp of approval on a Position Statement in support of The City of San Antonio’s Proposed 2012-2017 Bond Program, a $596 million investment in streets/bridges/sidewalks, parks, drainage and facilities/community initiatives.

The Position Statement says that The Chamber supports and endorses the 2012-2017 City Bond Program, which is vital to our community’s future economic competitiveness because it addresses priority infrastructure needs and improves our quality of life.

The Chamber’s statement praised the bond for following these core principles:

Bond proceeds will be applied in accordance with a thorough citizens input process that incorporated careful and deliberate review of recommended projects that are strategically allocated throughout the City;

Transparency and accountability with the use of a comprehensive on-line tracking tool and the utilization of the existing Citizen Bond Oversight Commission;

Investments align with the aspirations of SA2020; and

Sound fiscal long term planning that allows the city, with its top bond rating, to make major, strategic bond investments every 4 to 5 years without a tax increase.

To prepare the proposal, the City organized committees and enlisted community involvement from across the city. The Committees were led by Tri-Chairs including former Chamber Chairman Carri Baker Wells, COO of Linebarger Goggan Blair & Sampson; former Mayor Lila Cockrell and Dr. Tessa Martinez Pollack, President of Our Lady of the Lake University.

Frank Burney, Partner at Martin & Drought, spoke to the Board on behalf of the proposal and stressed that the election is expected to have low turnout. He stressed that Chamber members need to encourage employees to vote for this proposal for the good of the community.

Click here for more information on the 2012-2017 Bond Program.

Date
1/24/2012
Board Supports New City Bond Proposal

The Chamber’s Board of Directors gave its stamp of approval on a Position Statement in support of The City of San Antonio’s Proposed 2012-2017 Bond Program, a $596 million investment in streets/bridges/sidewalks, parks, drainage and facilities/community initiatives. The Position Statement says that The Chamber supports and endorses the 2012-2017 City Bond Program, which is vital to our community’s future economic competitiveness because it addresses priority infrastructure needs and improves our quality of life. The Chamber’s statement praised the bond for following these core principles: Bond proceeds will be applied in accordance with a thorough citizens input process that incorporated careful and deliberate review of recommended projects that are strategically allocated throughout the City; Transparency and accountability with the use of a comprehensive on-line tracking tool and the utilization of the existing Citizen Bond Oversight Commission; Investments align with the aspirations of SA2020; and Sound fiscal long term planning that allows the city, with its top bond rating, to make major, strategic bond investments every 4 to 5 years without a tax increase. To prepare the proposal, the City organized committees and enlisted community involvement from across the city. The Committees were led by Tri-Chairs including former Chamber Chairman Carri Baker Wells, COO of Linebarger Goggan Blair & Sampson; former Mayor Lila Cockrell and Dr. Tessa Martinez Pollack, President of Our Lady of the Lake University. Frank Burney, Partner at Martin & Drought, spoke to the Board on behalf of the proposal and stressed that the election is expected to have low turnout. He stressed that Chamber members need to encourage employees to vote for this proposal for the good of the community. Click here for more information on the 2012-2017 Bond Program.