Bond 2020 Program Performance Report
4th Quarter
City Council passed a Resolution approving a list of street, parks, and public safety projects for the $75 million Bond 2020 Program to be considered by the voters on November 3. The Bond Program will not require a City property tax rate increase. The 42 projects to be considered by voters include $61 million in Street improvements, $12 million in Park improvements, and $2 million for Public Safety projects. The 42 projects are across the entire city with roughly the same amount of investment in each of the five City Council Districts.
Some of the guiding principles for project selection include:
- Focus on Streets ($61M), Parks ($12M) and Public Safety ($2M)
- Focus on Citywide Signature Projects
- Rough Proportionality
- Investment in Major Corridors
- Project Continuation
- Increase Connectivity
- Increase Road Capacity for High Growth Areas
- Leverage Match Projects
- Enhance Functionality of Recreational Areas
- Major Signature Park Projects as opposed to Maintenance Projects
- Improve Public Safety Facilities
The City of Corpus Christi has biennially approved and implemented two-year General Obligation Bond programs that consist of citywide infrastructure projects that are approved by the voters.
The City of Corpus Christi Bond 2020 Program Information Guide is now available online:
The City of Corpus Christi adopted a tax rate that will raise more taxes for maintenance and operations than last year's tax rate. The tax rate will effectively be raised by 4.69 percent and will raise taxes for maintenance and operations on a $100,000 home by approximately $16.87.
