MYworldfix

In a recent development, Assistant City Manager Robert Goode has advised the City Council against holding a bond election in 2025. According to his memo, such an action could compromise the financial resources available for a more comprehensive bond program in 2026. The document highlights concerns about voter fatigue and the potential misallocation of funds if two consecutive bond elections are held within a short span. Additionally, it underscores the importance of thorough public engagement and prioritization processes that would be compromised by rushing into a bond vote this year.

The memo details several key points regarding the timing and implications of a bond election. It explains that initiating a bond program in 2025 would limit the resources available for addressing the city's extensive infrastructure needs in 2026. With over $10 billion in identified projects across various departments, careful planning and prioritization are essential. Goode emphasizes that any funds allocated to a hurried 2025 bond initiative would detract from the broader, more strategic approach needed for the 2026 bond package. This includes climate infrastructure and other critical public improvements.

Furthermore, the memo addresses the challenges associated with public engagement and project prioritization. Since last July, Capital Delivery Services has been working closely with city departments to develop a framework for scoring projects. However, the sheer volume of requests—many of which exceed the capacity for delivery within a six-year timeline—underscores the need for a methodical and inclusive process. Staff members have already indicated that there would not be sufficient time for meaningful public engagement if a bond election were to occur this year.

Goode also warns of the risk of voter fatigue, suggesting that back-to-back bond elections in 2025 and 2026 might lead to diminished public support. He notes that the I-35 Cap and Stitch project, which requires significant funding, will further impact future bond programs. Chief Financial Officer Ed Van Eenoo and other financial experts have previously advised against a 2025 bond election, citing the need for a well-researched and strategically planned approach.

The memo concludes by outlining the ongoing efforts of the Bond Election Advisory Task Force and Capital Delivery Services. These entities are working diligently to develop a preliminary ranked needs assessment, which will be presented in July. Following this, staff will collaborate with the task force to engage the public and prioritize projects based on their urgency and feasibility. By postponing the bond election until 2026, the city can ensure a more informed and effective allocation of resources, ultimately leading to better outcomes for all residents.