2021 Bond Election

Bond IMage

BOND ELECTION MAY 1, 2021

Lake Jackson votes will cast ballots in a $26.5 million bond election on May 1, 2021. It will include the following propositions:

PROPOSITION A | ANIMAL CONTROL FACILITY

$3.7 MILLION

"The issuance of bonds in the amount of $3,700,000 for the animal control facility and the imposition of taxes sufficient to pay the principal of and interest on the bonds." 

PROPOSITION B | POLICE DEPARTMENT FACILITIES RENOVATION AND EXPANSION 

$2.4 MILLION

"The issuance of bonds in the amount of $2,400,000 for police department facilities renovation and expansion and the imposition of taxes sufficient to pay the principal of and the interest on the bonds."  

PROPOSITION C | LIBRARY FLOORING PROPOSITION

$300,000

"The issuance of bonds in the amount of $300,000 for flooring in the library and the imposition of taxes sufficient to pay the principal of and interest on the bonds."

PROPOSITION D | STREETS AND DRAINAGE

 $2.6 MILLION

"The issuance of bonds in the amount of $2,600,000 for street, and drainage improvements at Pin Oak, North Shady Oaks and Forest Oaks Lane, and for spot street repairs throughout the city, and the imposition of taxes sufficient to pay the principal of and interest on the bonds."

PROPOSITION E STREETS AND DRAINAGE PROPOSITION 

$12.1 MILLION

"The issuance of bonds in the amount of $12,100,000 for spot street repairs in various locations throughout the city and street and drainage improvements at Moss, Chestnut, Wisteria, and Palm Lane, and the imposition of taxes sufficient to pay the principal of and interest on the bonds." 

PROPOSITION F | STREETS AND DRAINAGE PROPOSITION 

$2.9 MILLION

"The issuance of bonds in the amount of $2,900,000 for street and drainage repairs in various locations throughout the city and asphalt reconstruction and street and drainage improvements at Willenberg Street, Balsam Street and Sleepy Hollow Subdivision Streets."

PROPOSITION G | STREET PANEL REPLACEMENT PROPOSITION

$2.5 MILLION

"The issuance of bonds in the amount of $2,500,000 for street and panel replacement in various locations throughout the city and the imposition of taxes sufficient to pay the principal of and interest on the bonds."

MAP

For a map of the bond proposition projects, click here

TAX RATE IMPACT

*The information is this section is provided as information only and is not part of the proposition to be voted on and does not create a contract with the voters. It is provided for Code compliance illustration purposes only.

The tax rate impact the issuance of these bonds will have on a residential homestead is estimated by making certain assumptions.

Those assumptions are:

  • The bonds will be broken out into at least three separate issuances over at least four years.
  • The average interest rate on the bonds will be 3.5%
  • 2% per year overall growth in taxable assessed values
  • A maximum maturity of 20 years

 ESTIMATED TAX INCREASE

Currently the City of Lake Jackson tax rate is $.328977 per $100 of valuation. Taxes will gradually increase over five years. It is estimated that in the fifth year, a homeowner of a $100,000 house would pay about $30 per year in bond tax.

debt Impact on 100K

BACKGROUND

How were the projects selected?

Interested citizens were appointed by the Mayor and City Council to review, prioritize, suggest, and eventually recommend bond project going before the voters.  The forty volunteers met for five months obtaining feedback from the community and recommendations from city staff for a General Obligation Bond Program.

The recommendations are based on the City’s commitment to maintain existing facilities and infrastructure.  In July 2019, the Lake Jackson City Council appointed a forty (40) member Bond Task Force with the following charge:

  • Review capital improvement projects for a future General Obligation bond election 
  • Prioritize and group projects for bond proposals
  • Review financial feasibility of bond proposals
  • Provide opportunities for citizen input
  • Submit Recommendation to City Council


Note: The council reviewed the submissions and on Feb. 1, 2021 adopted the ordinance to call a $26.5 million bond election with six propositions. 

WHO WAS THE TASK FORCE? 

The Citizen Bond Task Force consisted of 40 Lake Jackson residents selected and appointed by the City Council.  Task Force members included: current and former City Board and Commission members, former City Council members, prior Bond Advisory Task Force members, and other community leaders.  The City Council asked the task force to evaluate and develop a bond program recommendation for the City Council to consider submitting to the voters in 2020.