May 2023 Bond Election Results and Impacts on the Greater San Antonio Area

Bond elections were held throughout the state of Texas, on Saturday May 6, 2023, which should prove to be an incredible boost for the A/E/C industry. What was a record for amount of potential dollars being voted on, there was a total of $26.6 billion dollars of municipal and educational bonds up for vote, of which over 87% was successful totaling more than $23.23 billion passing. This is an amount never seen before during a single bond cycle.

The opportunities for our SMPS San Antonio members will be abundant over the next 12-24 months, with more than $2.05 billion passing in our region. Successful bonds include:

City of New Braunfels - $140 million

Alamo Heights ISD - $371 million

Comal ISD - $588 million

Edgewood ISD - $39 million

La Vernia ISD – $109 million

Medina Valley ISD – $376 million

San Marcos ISD - $166 million

Seguin ISD - $7.5 million

Southwest ISD $250 million

While the amount of bonds that were successful in our area accounts for only 10% of the total bond programs throughout the state, this still includes a significant amount of work to come into an already busy market. With this new work coming into the market, and including the previous bond work that has not entered into the market as of yet, our area has more than $5 billion in potential bond work that will impact our market over the next 24 months.

The only bonds that failed to pass in our area include the Bandera ISD bond program, the Devine ISD bond program and the Comal ISD $10 million proposition B for stadium upgrades. But it was still a great election cycle for the greater San Antonio area with a 95% successful passing rate.  

by Kirk Kistner, Bartlett Cocke General Contractors