https://www.kxan.com/news/local/aust...ement-efforts/
Proposed Project Connect funding plan includes $300 million for anti-displacement efforts
by: Yoojin Cho
Posted: Jul 28, 2020 / 02:12 PM CDT / Updated: Jul 28, 2020 / 05:39 PM CDT
AUSTIN (KXAN) — Capital Metro’s Project Connect is one step closer to being on the November ballot. Monday, Austin City Council voted to approve a $7.1 billion initial investment plan, which would mean an 8.75 cent tax rate increase for homeowners.
Originally, CapMetro presented two choices:
A $7 billion initial investment plan that would’ve led to a 8.5 cent tax rate increase
A $10 billion investment plan for which the tax rate increase would’ve been 11 cents
The University of Texas at Austin School of Law Professor Heather Way looked at research done by the University of Minnesota’s Center for Transportation Studies. She said, in a Minnesota city, home values skyrocketed after a new light rail line was built.