Nov. 8th is Texas Constitutional Amendment Election Day: Prop. 4 Will Affect Texas' Transportation System
November 8, 2011 is Texas Constitutional Amendment Election Day and an important amendment related to Texas transportation will be on the ballot. Proposition 4 (HJR 63) proposes an amendment that would give counties the same bonding authority that cities already have for Transportation Reinvestment Zones (TRZ), specific zones around a transportation project that will capture the property tax increases from the project.
If approved, the amendment would add counties to the list of political entities authorized to issue bonds or notes to fund the development or redevelopment of an unproductive or underdeveloped area and pledge for repayment of the bonds or notes with the increased property taxes.
Your vote on November 8th will help determine the outcome of this proposed constitutional amendment that affects Texas' transportation system! Early voting is going on now and will continue through Friday, November 4th. Visit www.votexas.org to find out where to vote.
If approved, the amendment would add counties to the list of political entities authorized to issue bonds or notes to fund the development or redevelopment of an unproductive or underdeveloped area and pledge for repayment of the bonds or notes with the increased property taxes.
Your vote on November 8th will help determine the outcome of this proposed constitutional amendment that affects Texas' transportation system! Early voting is going on now and will continue through Friday, November 4th. Visit www.votexas.org to find out where to vote.
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