Tuesday, June 26, 2012

TOP STORY >> Austin voters pass sales tax

Austin voters on Tuesday approved a proposed one-cent sales tax to repair city streets.

Residents passed the sales tax by a vote of 58-16, while a bond issue passed 62-12.

Still to be counted are 27 early votes and three absentee votes, which would not affect the outcome.

The tax will support a $1.25 million bond that would likely be paid in less than 15 years. The tax will continue after the bond is paid with no stipulation as to how it must be spent. The tax revenue could be used for other projects in the future, not only streets.