Dallas City Bond Election, Proposition B- Parks & Recreation
Includes projects for park and recreation facilities. Includes the Downtown Parks project, the Aquatics Master Plan, the Circuit Trail (The Loop), rehabilitation of recreation centers, trails and neighborhood park projects. The last parks and recreation bonds were authorized in 2006, a minor amount of which remains unissued. (For detail see www.dallasbond.com ).Total projected cost is $261.807 Million
CHOOSE TWO CANDIDATES FROM BELOW TO COMPARE
Yes - For the Measure
No - Against the Measure
• Projects were ranked according to criteria including whether they are on an approved master plan, whether it is a subsequent phase of another project, or whether it will replace a facility that has reached its intended service life. Matching funds for an additional $216.54 million are pledged by state, county or private entities for twelve of the projects. Projects are planned that will both increase the tax base and improve quality of life.
• The city’s bond rating agency reports that the city’s debt is manageable and some relief for the beleaguered police and fire pension fund was provided by the state legislature this spring, alleviating concerns about financial stability. The city will pledge to raise taxes sufficient to pay debt service but does not expect to need to increase property taxes for this authorization. Bonds will be issued over the next several years as needed. The portion of the tax rate used to pay off debt and the overall tax rate have declined slightly in recent years.
• The city of Dallas property tax rate is higher than that of most cities in Dallas County, and is significantly higher than that of Plano, somewhat higher than that of Arlington and slightly lower than that of Fort Worth. A relatively high tax rate means a city has to compete harder to attract and retain business.
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