Action Alert: Disregarding the will of the voters
Tomorrow morning (Monday, August 27th), at 9:30, Montgomery County Commissioners may vote to approve the issuance of $15.2 million in Certificates of Obligation bonds and $16.2 million in Pass-Through Toll Revenue and Limited Tax Refunding bonds. The problem is that voters already said no.
Some of the projects the Certificate of Obligation bonds are intended to fund were specifically rejected by the voters in the failed bond referendum in November of 2011. We see this bond, therefore, as an effort to circumvent the voters' will.
Please join us for this meeting:
9:30 a.m. on Monday, August 27th
Montgomery County Commissioners Court
Alan B. Sadler Building, Suite 402 (4th floor) 501 N. Thompson Street,
We will be gathering at the Commissioners Court at 9:00 a.m. and, if possible, seeking to get as many who wish to address the Court on this issue signed in to do so. But whether you wish to address the Court or not, your presence lends huge weight to the credibility of those who do. Please wear your red Texas Patriots PAC shirt so the Commissioners know who you represent just by looking at you.
In a nutshell, here's the issue:
In November 2011, the Montgomery County Commissioners Court asked voters to approve the issuance of $200 million in road bonds. This was the second request in six years; voters had already approved $160 million in road bonds in 2005. The 2011 bond request failed, 53% to 47%.
In spite of this, the Montgomery County Commissioners Court issued almost $15 million in Certificate of Obligation bonds in February, 2012 and are proposing to issue another $15 million this month at their meeting on August 27th at 9:30am.
Julie Turner, President of the Texas Patriots PAC, is concerned that the public is not fully aware of the fact that debt is dramatically outstripping growth.
"A primary reason the 2011 bond request failed was the explosion in Montgomery County debt over the previous nine years. It has skyrocketed from $150 million in 2003 to almost $500 million in 2011. That is an increase of over 70% in nine years, while population growth in the County over the same time period increased only 26%."
"These Commissioners are disregarding the will of the voters to issue this debt for many of the same projects that did not pass in the November election. They should put these projects to a vote for general bonds, not Certificates of Obligation. Communicate to us about the needs, and let the taxpayers decide"
Citizens may make your views known by visiting the Montgomery County website at www.mctx.org or by calling their offices directly.
Commissioner Mike Meador 936-539-7815
Commissioner Craig Doyal 936-539-7816
Commissioner Ed Chance 936 539-7817
Commissioner Ed Rinehart 936-521-8919
County Judge Alan Sadler 936-539-7812
Visit http://www.texaspatriotspac.com/articles/commissioners-issue-debt-over-voter-objections for more information.