Austin, TX | The Austin City Council approved its $925 bond package yesterday for final approval by the voters in November. In its 8-3 decision, only councilmembers Ellen Troxclair, Ora Houston and Jimmy Flannigan voted against. The package includes $250 million for affordable housing and other provisions for transportation, parkland, storm water and facilities improvements.
Hill Country Young Republicans is adamantly opposed to the assumption of additional government debt, especially in the midst of an already severe local debt load. The Young Republicans call for an end to what has been described as a local “borrowing binge” by reputable sources like Forbes.
“We have serious doubts about the efficacy and fiscal prospects of the proposed initiatives. The City of Austin needs to understand that you can’t just throw money at an issue. In fact, policies such as these often increase the financial burden on citizens, worsening the affordability crisis this bond is supposed to fix,” said Hill Country Young Republicans’ Director of Development, Cutter W. González.
Citing research on affordable housing, Hill Country YR President, Felisha A. Bull, stated it clearly: “The research is in, the results are obvious. Central planning increases the cost of living and government spending increases the tax burden. We want an Austin for everyone and that means allowing the market to work and people to flourish without the chains of invasive government regulation.”
Hill Country Young Republicans intends to coordinate a coalition to fight against the bond proposal. In preparation for November, the organization will work to promote fiscal responsibility and individual liberty as a means of protecting the Austin all its residents know and love.
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