Dallas City Bond Election, Proposition A- Streets & Transportation
The proposition includes Traffic Signals, Alley Reconstruction, Bridge Repair, Railroad Crossing Quiet Zones, Sidewalks, Street Reconstruction, and Street Resurfacing Projects.The bond authorization does not include funding for pothole repairs, which is provided through the routine operating budget.The last street and transportation bond authorization was in 2012, a minor portion of which remains unissued. (For detail see www.dallasbond.com )Total projected cost is $533.981 Million.
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Yes - For the Measure
No - Against the Measure
• All street projects will now comply with the Thoroughfare Plan and Complete Street Design Guide. Matching funds of $138.95 million have been pledged by state, county or private entities for twelve of the projects. Alley projects will improve unpaved alleys with property owners sharing the cost. Cost of sidewalk repairs will be matched 50/50 by property owners.
• 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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