REGULAR CALLED MEETING OF THE BOND OVERSIGHT COMMISSION WEDNESDAY, JUNE 17, 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 Ramiro Diaz, Vice Chair Charles Curry Bob Libal Santiago Rodriguez John McNabb, Chair Zachary Bird Stephen Gonzalez Russell Korte Kenneth Standley Austin Wright AGENDA CALL TO ORDER PUBLIC COMMUNICATION: GENERAL 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 May 20, 2026. STAFF BRIEFINGS 2. 3. Staff briefing regarding Upcoming General Obligation Bond Sale. Presentation by Belinda Weaver, Treasurer, Austin Financial Services and Joseph Kellar, Division Chief, Austin Financial Services. Staff briefing regarding Capital Spending Report as presented in the Q2 Financial Report. Presentation by Katie Stewart, Manager, Austin Budget and Performance Organizational Excellence, and Yvette Mendoza, Acting Budget and Performance Manager, Austin Budget and Organizational Excellence. DISCUSSION AND ACTION ITEMS 4. Discussion and action to approve a recommendation to Council regarding the 2026 Bond Election. 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.
Annual General Obligation Bond Sale Belinda Weaver, Treasurer Joey Kellar, Division Chief – Treasury General Obligation Debt • Property Tax Rate has 2 components Tax Rate Operating & Maintenance (O&M) (General Fund) Debt (Debt Service Fund) • Debt Service tax rate is set each year at level needed to fund principal and interest payments on debt issued and pledged with property tax • Pays both existing debt service and debt service associated with upcoming General Obligation bond sale 2 General Obligation (GO) Debt • GO Debt = Public Improvement Bonds, Certificates of Obligation, and Contractual Obligations – $2.383 billion in outstanding General Obligation debt – Issued once per year – Backed by property (ad valorem) taxes and “full faith and credit” of the City Types of GO Debt Purpose Voter Approval City Term Public Improvement Bonds (PIBs) Capital Improvement projects and capital assets Yes 20 years Certificates of Obligation (COs) Real property: land, buildings, right of way, construction of a public work No 20 years Contractual Obligations (PPFCOs) Personal property: equipment, machinery, vehicles, information technology No 7 years 3 Steps to Sell or Issue Debt Spring 2025 Develop CIP Plan August 2025 for FY2025-26 Annual Capital Budget Appropriations Reimbursement Resolutions Spring/Summer/Fall 2026 Develop Bond Sale Schedule Preliminary Official Statement Council Action on Bond Sales Bond Sales and Closing • Work on upcoming bond sale began Spring 2025 • Debt to be sold in upcoming bond sale supports projects and appropriations (authority to spend) previously approved by City Council • Use of Reimbursement Resolution allows projects to begin now and get funded later • Consistent with IRS regulations • Consistent with Financial Policies regarding cash management • Results in lower interest costs 4 GO Bond Sale – Series 2026 September Sale: Public Improvement Bonds (PIBs) - $304.81 M • 2006 Bond Program (Cultural Arts): $1.50 M • 2012 Bond Program: $1.50 M • Transportation - $1.50 M • 2016 Bond Program (Transportation): $40.00 M • 2018 Bond Program: $86.81 M • Affordable Housing - $10.00 M • Parks and Recreation - $22.00 M • Flood Mitigation/Open Space/Water Quality - $25.00M • Library & Cultural – $17.00 M • Public Safety - $0.4 M • Health - $0.41 M • Transportation - $12.00 M • 2020 Bond Program (Transportation): $120.00 M • 2022 Bond Program (Affordable Housing): $55.00 M 5 GO Bond Sale – Series 2026 • Entire bond sale supports projects …
