Dallas City Bond Election, Proposition J- Homeless Assistance Facilities
The proposition will fund $20 million for transitional and permanent supportive housing to target chronic homelessness, rapid rehousing for the elderly, disabled and families with children and day centers for seamless wrap-around services. The bonds authorized for homeless assistance facilities in 2006 have all been issued. (For detail see www.dallasbond.com )Total projected cost: $20 Million.
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• City leaders have expressed concern over the current level of homelessness in Dallas. A 2016 report by the Dallas Commission on the Homelessness cited a count of nearly 4,000 homeless in Dallas. Since counting methodology typically underestimates the true number, the number of homeless in Dallas may be much greater. It also reported that the five largest shelters in the city are at or near capacity. Therefore, the need for housing for the homeless is clear.
• 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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