Does the City have to use bond debt to build new improvements?

Yes. In order to pay for significant capital investments and improvements, all cities must utilize bond funding. The City of Allen implements a public-led bond funding program to determine projects that will be proposed for funding over a period of five to seven years. This package of bond propositions goes to the Allen voters for approval. Even with voter approval, the City of Allen determines the timing for projects in a fiscally conservative manner based on economic conditions, impact to operations and other budget considerations.

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1. What is a bond election?
2. How does municipal bond funding work?
3. How are projects selected for bond funding?
4. Will this bond election raise the City tax rate?
5. Why does the City use bond debt to fund projects?
6. How long will it take to repay bond debt money?
7. How much will the interest be for bond debt on proposed projects?
8. Does the City have to use bond debt to build new improvements?
9. How is the tax rate affected if voters do not approve bond funding?
10. What are some examples of existing community projects/enhancements that were funded by bonds?
11. Does the City fund school facilities like the football stadium?
12. How were bond projects selected?