October was a strong month for the Austin region. We celebrated Manufacturing Month and welcomed news like Pegatron selecting Georgetown for its first U.S. factory, a milestone for our growing advanced manufacturing and supply-chain ecosystem.

Austinites considering their position on Prop Q may be wondering what will happen if it doesn’t pass. The simple answer is that the City Council will have to reconsider their budget and limit their spending to stay within the state’s revenue cap.

We write to the residents and voters in the City of Austin to express our collective opposition to Proposition Q on November’s ballot. Proposition Q will dramatically raise property taxes and the cost of living for Austin residents and businesses, making affordability worse.

When the Austin City Council adopted a budget seeking voter approval of an almost $110 million tax increase, Opportunity Austin investors had one key question: “what is the money for?”. The answer is difficult to pinpoint.