2023 Bond Election

Bond 2023

On May 6, residents of New Braunfels will vote on whether or not to fund $140,045,000 in city projects by issuing municipal bonds with no projected increase to the City tax rate.

The projects included in Bond 2023 are divided into three propositions:

Proposition A - Transportation

Total Cost: $99,330,000
Expected to include eight major transportation projects:
- Common Street (Loop 337 to FM 306)
- Barbarosa Road/Saur Lane (FM 1101 to Saengerhalle Road)
- Conrads Lane (Goodwin Lane to FM 1102)
- Kohlenberg Road (FM 1101 to IH-35)
- Citywide Street Improvements to rehabilitate existing city street pavement, curbs, and sidewalks
- Citywide Intersection Improvements including new traffic signals and turn lanes
- South Kowald Lane (FM 1101 to IH-35)
- Solms Road (IH-35 to FM 482)

Proposition B - Parks and Recreation

Total Cost: $12,155,000
Mission Hill Park - Phase 2, expected to include:
- Improvements to existing 10-acre park, including:
  - Parking, Restrooms, and Event Space
  - Multi-level Observation Tower
  - Canopy Walk with access to Observation Tower Decks
  - Soft and Hard Surface Trails with Trailhead

Proposition C - Library Facilities

Total Cost: $28,560,000
Southeast Library Branch, expected to include:
- 23,250-square foot building
- Proposed features includes:
  - Quiet study rooms
  - Meeting rooms
  - Public plaza and garden space

As part of an overall financial strategy, when the City of New Braunfels seeks to fund major capital investments (like street and drainage improvements, city facilities, and parks), City Council will call for an election asking voters if they approve of funding those projects by issuing debt in the form of municipal bonds.

This bond, which is projected to have no increase to the City tax rate, began with preliminary discussions by City staff nearly 2 years ago. See the bond timeline below for an overview of the steps taken leading to Bond 2023.