Once again, the City pledges transparency, while lying.
"In support of the City of Austin’s focus on public transparency, the Capital Planning Office has put interactive charts online that show the spending status of the City’s voter-approved general obligation bonds. These bonds are a source of funding for many capital improvement projects such as park and road projects.
The charts include bond funds that have already been invested in capital improvements projects from the 2013, 2012, 2010 and 2006 bond programs as well as funds that are under contract and what’s left remaining. The data will be updated quarterly.
The source data can be found on the City's Data Portal, and can be downloaded and visualized in other ways. The data portal allows the City to make data readily available for users."
Here is the web page:
But that's voter-approved bonds. Why is that important? Because the City also has another set of bonds, general obligation bonds. These bonds not only do not require voter approval, but there is no transparency or public information about what rates the City of Austin (read, taxpayers) are paying on these bonds. Here's the City's page on those bonds:
If these bonds are being managed correctly, and the City is paying reasonable rates on these bonds, then why the continued secrecy? Maybe its time for the City to be truly transparent about ALL bonds, not just the ones they want to talk about.