“Taxpayers should pay attention. This is a potent taxing and borrowing authority,” said Chuck DeVore, vice president of national initiatives at the nonpartisan Texas Public Policy Foundation." (Watchdog) Lone Star Rail is executing agreements with local governments to take a large share of the future property tax increases whether or not the increase is related to the rail system. Luckily, Georgetown has not entered into such an agreement with LRS yet, although there is pressure to do so.
Following is a proposed route map with stations identified.
Notice that there is no station or rail line identified in Georgetown. Likely this is because Georgetown has not signed away its future tax revenue growth along the rail line to Lone Star Rail.
Be vigilant as LSR will return to the city council to get agreement that they be given the growth in tax revenue along the railroad for the next 30+ years.
If Georgetown has been sending 50 million each year to these bozo's, where is our station? I had heard that Round Rock and Williamson County are not active in this project. Yet Round Rock gets a station? Who is paying for it? I guess they think it ok for Georgetown to be outside of the project, but pay anyway.
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