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    Home»Investments»GSMP supports road bond
    Investments

    GSMP supports road bond

    October 27, 20243 Mins Read


    OPINION

    The Greater San Marcos Partnership has officially endorsed the proposed $440 million Hays County road bond package and the $150 million Caldwell County road bond package, calling it a crucial investment for the region’s future. During its annual board meeting, GSMP emphasized that the upgrades are vital to keeping pace with the rapid growth and development in the area, positioning enhanced infrastructure as key to supporting the community’s evolving needs.

    As the region continues to expand, it is crucial that regional infrastructure keeps pace with this growth. Improved roads and transportation networks will enhance connectivity, reduce congestion, and foster economic development by making it easier for businesses to operate and for residents to access jobs, education, and services. The bond’s strategic focus on key roadways aligns with the needs of both current and future residents and will attract additional investment to our community.

    On Nov. 5, Hays and Caldwell Counties will be allowing voters to decide whether to approve the 2024 Road Bond Program.

    The bond’s primary focus will be on shovel-ready projects designed to improve road safety, mobility, and capacity. The plan includes enhancing east-west connectivity, adding shoulders to existing roads, and addressing aging infrastructure.

    Hays County’s population is projected to increase by 267% by 2045, making the expansion and maintenance of transportation networks essential for future sustainability. The bond also builds on the success of the 2016 Road Bond Program and aims to leverage additional state and federal funding for local projects.

    As Hays County faces unprecedented growth, the decision to invest in transportation infrastructure will shape the region’s ability to maintain its quality of life while encouraging economic development.

    In Caldwell County officials have projected that the county tax rate may remain stable if voters approve the proposed road bonds in Nov., thanks to the rapid increase in new construction. The growing taxable property value allows the county to spread the cost of the bonds more evenly.

    The road bond proposals are part of the county’s Capital Improvements Plan, developed after extensive review of local street conditions, input from engineers and traffic modelers and public feedback. The plan involved community outreach efforts, including two in-person open houses, an online forum and a survey with over 2,100 participants. Based on this feedback, the county prioritized projects addressing safety, congestion relief, equity and regional landuse goals.

    For more information about the Hays County Road Bond package go to: hayscountybonds. com.

    For more information about the Caldwell County Road Bond package go to: caldwellcountybonds. com.



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