A group of homeowners has sued city leaders over a plan to divert a portion of property taxes to pay for roads, sidewalks and affordable housing in a South Austin neighborhood.
A lawsuit is targeting a plan to use property taxes to fund, in part, a development along Lady Bird Lake where the formerA group of homeowners, including a former state senator and a former Austin City Council member, has sued city leaders over a plan to divert a portion of property taxes to pay for roads, sidewalks and affordable housing in a South Austin neighborhood.
“Our state laws provide that you can only subsidize private development in blighted areas that otherwise would not develop on their own with public support,” Bunch told KUT. “That’s certainly not the case with the south shore of Lady Bird Lake.” Typically, the property taxes that cities collect from residents go into a communal pot known as a"general fund" and can be used to pay for a wide variety of city services, such as police and fire. But Texas law allows municipalities to siphon off a portion of property taxes from one neighborhood, as long as that money is spent on projects that benefit people living in the area, such as parks and sidewalks.
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