Bond Oversight Commission Regular Meeting of the Bond Oversight Commission

Agenda — original pdf

REGULAR CALLED MEETING OF THE BOND OVERSIGHT COMMISSION WEDNESDAY, May 20, 2026, AT 2:00 P.M. AUSTIN CITY HALL, ROOM 1101 301 WEST SECOND STREET AUSTIN, TEXAS Some members of the Bond Oversight Commission may be participating by videoconference. The meeting may be viewed online at: http://www.austintexas.gov/page/watch-atxn-live Public comment will be allowed in-person or remotely via telephone. Speakers may only register to speak on an item once either in-person or remotely and will be allowed up to three minutes to provide their comments. Registration no later than noon the day before the meeting is required for remote participation by telephone. To register to speak remotely, contact Nicole Hernandez, 512-974-7644, nicole.hernandez@austintexas.gov. CURRENT BOARD MEMBERS OR COMMISSIONERS John McNabb, Chair Zachary Bird JC Dwyer Bob Libal Santiago Rodriguez Austin Wright AGENDA CALL TO ORDER PUBLIC COMMUNICATION: GENERAL Ramiro Diaz, Vice Chair Charles Curry Stephen Gonzalez Russell Korte Kenneth Standley The first 10 speakers signed up prior to the meeting being called to order will each be allowed a three- minute allotment to address their concerns regarding items not posted on the agenda. APPROVAL OF MINUTES 1. Approve the minutes of the Bond Oversight Commission Regular meeting on April 20, 2026. DISCUSSION ITEMS 2. Discussion on the 2026 Bond Election Advisory Task Force recent meeting items. DISCUSSION AND ACTION ITEMS 3. Approve a recommendation to Council for a Spending Plan. FUTURE AGENDA ITEMS ADJOURNMENT The City of Austin is committed to compliance with the Americans with Disabilities Act. Reasonable modifications and equal access to communications will be provided upon request. For assistance, please contact the Liaison or TTY users’ route through 711. A person may request language access accommodations no later than 48 hours before the scheduled meeting. Please call or email Nicole Hernandez or Delivery nicole.hernandez@austintexas.gov , to request service or for additional information. 512-974-7644 Services, Capital Austin at at For more information on the Bond Oversight Commission, please contact Nicole Hernandez at 512-974-7644 or nicole.hernandez@austintexas.gov.

Item 3. Draft Recommendation — original pdf

Whereas, the current backlog of authorized but unissued bonds resulting from delays in bond project completions has postponed voters benefitting from the construction of authorized projects and delayed scheduling a bond election while the need has accumulated as evidenced by the $3.9 B in needed capital projects identified by City staff, and Whereas, for the last several years City departments with approved bond projects have regularly presented the Bond Oversight Commission with estimates showing projects completed on time which proved to be substantially inaccurate, and Whereas, City Council annually approves a five year Capital Improvement Plan (CIP) that lays out an estimated spending plan that would result in timely completion of bond projects, and Whereas, the Budget Office has now included quarterly reports on those spending plans in their quarterly City of Austin Financial Report that shows departmental spending falling approximately $247M short of the approved spending plan in FY2025 with eight reporting departments achieving less than 50% of their spending plan, and Whereas such shortfalls continue to contribute to the problematic accumulation of authorized but unissued bonds as well as delaying the benefit of completed bond projects, Now therefore be it resolved, that the Bond Oversight Commission recommends to City Council that the City Manager be required to produce a report outlining those departments whose spending was less than 75% of their estimated spending plan in 2025, what benchmarks in their projected plan they failed to meet and the cause for those delays so that the necessary steps can be implemented to improve performance of planned spending as well as timely project completion, and Be it further resolved, that such report be made available to City Council as they finalize decisions on the next bond election package. Note: Financial Services reported spending 986% of their approved spending plan (approved plan $19M; spent $184M) and was excluded from calculations. Note: There are additional sources of funding for projects in departments receiving public improvement bond funds.