Bonds are approved by voters and are used for major projects, such as road improvements or public parks. When voters decide on these propositions, they are deciding on an issuance of public debt to fund city projects. When a project is funded with a bond, it is funded upfront, and can be paid off over time by spreading out the cost.
The bond program for 2019 addresses infrastructure and public welfare improvements for Denton, while factoring in potential growth. These propositions were created by the Special Citizens’ Advisory Committee (SCBAC) using citizen surveys, feedback, and analysis of road conditions.
The City Council intends to complete these projects, however, there is a chance the projects could change. In the event the projects change, the Council may direct that proceeds be spent on other projects within the voter-approved purposes of each proposition.
The November 5th election will allow voters to vote for an entire proposition and not individual projects.
The projects to be completed and the maximum dollar amount to be spent on the projects are listed below:
Proposition A – $154,000,000
The issuance of $154,000,000 of public securities for Street Improvements and levying a tax in payment thereof.
|Street Rehab Program||$70,000,000|
|Bonnie Brae Street (V, VI, and VII)||$27,000,000|
|Hickory Creek Road||$34,000,000|
Proposition B – $61,900,000
The issuance of $61,900,000 of public securities for public safety facilities for the Police Department and levying the tax in payment thereof.
|Police Headquarters Renovation||$36,000,000|
|Police Indoor Firing Range||$4,900,000|
Proposition C – $5,000,000
The issuance of $5,000,000 of public securities for acquisition of land for parks and levying the tax in payment thereof.
|Acquisition of Land for Parks,|
Proposition D – $619,000
The issuance of $619,000 of public securities for public art and levying the tax in payment thereof.
|Public Art Projects, as determined.||$619,000|