Dallas City Bond Election, Proposition C - Fair Park
Fair Park facilities needs assessment includes restoration, maintenance, exterior/interior painting, drainage, lighting, plumbing repairs, carpeting, ADA accessibility, electrical, heating/air conditioning requirements at the Hall of State, Music Hall, African American Museum, Texas Discovery Garden, Tower Bldg., and seven other buildings/areas essential to Fair Park. (For detail see www.dallasbond.com ) Total projected cost: $50 Million.
CHOOSE TWO CANDIDATES FROM BELOW TO COMPARE
Yes - For the Measure
No - Against the Measure
• The Fair Park facilities are aging and badly in need of repair. Buildings in the National Historic Landmark park have cracked plaster, leaking roofs, faded murals and failing air conditioning systems. The Hall of State flooded recently. Some argue that regardless of the future role of the park, these basic repairs are needed.
• 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 Fair Park proposition was carved out and enhanced as a late addition to the bond package. The future of the park remains unsettled as the selection of an operator and the exact role of the park going forward are still in process. Some argue that these decisions should be made before a bond program is adopted.
• 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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