Dallas City Bond Election, Proposition E- Library Facilities
The proposition funds three projects. The replacement of the Forest Green Branch Library, the construction of the new Vickery Meadow Branch Library and roofing/plumbing improvements at the J. Erik Jonsson Central Library. The bonds authorized for library improvements in 2006 have all been issued. (For detail see www.dallasbond.com )Total project cost: $15.589 Million.
CHOOSE TWO CANDIDATES FROM BELOW TO COMPARE
Yes - For the Measure
No - Against the Measure
• This bond issue would enable the city to make progress towards completion of the 2000-2010 Library Master Plan and address current major maintenance needs.
• 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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