Texas Senate Bill SB2518

Texas 2019 - 86th Regular

Caption

Relating to the creation of the East Houston Management District; providing authority to issue bonds; providing authority to impose assessments, fees, or taxes.

Impact

The bill proposes that the district will have the authority to issue bonds and impose assessments or taxes for funding improvement projects. Specifically, it allows the district to levy ad valorem taxes and sales and use taxes, contingent upon voter approval. This revenue is intended to support infrastructure enhancements, as well as welfare and safety improvements for residents and visitors alike. The anticipated benefits include job creation, increased tourism, and a general boost to the local economy.

Summary

SB2518 aims to establish the East Houston Management District, a special district that will operate under the provisions of the Texas Constitution. The district's creation is intended to facilitate various public improvements and to promote economic growth through the development of commerce, housing, and transportation within its boundaries. It emphasizes collaboration with the city and other political subdivisions for public purposes, ensuring that the district supplements, rather than supplants, city services.

Contention

While the proposed district seeks to advance community welfare, it may encounter opposition regarding financial implications for property owners through taxation. Concerns may arise over the governance structure of the management district, specifically regarding its decision-making autonomy and its ability to levy taxes without unanimous consent from the community's property owners. Moreover, the potential for significant debt through bond issuance could pose a financial burden if not managed correctly.