Dallas, Texas, Parks Bond Issue, Proposition B (November 2017)
| Proposition B: Dallas Parks Bond Issue |
|---|
|
| The basics |
| Election date: |
| November 7, 2017 |
| Status: |
| Topic: |
| City bonds |
| Related articles |
| City bonds on the ballot November 7, 2017 ballot measures in Texas Dallas County, Texas ballot measures |
| See also |
| Dallas, Texas |
A bond issue proposition to fund improvements of parks and recreation facilities, Proposition B, was on the ballot for Dallas voters in Dallas County, Texas, on November 7, 2017. It was approved.
| A yes vote was a vote in favor of authorizing the city to issue $262 million in general obligation bonds—a type of government debt—to fund the improvement of parks and recreation facilities. |
| A no vote was a vote against authorizing the city to issue $262 million in general obligation bonds—a type of government debt—to fund the improvement of parks and recreation facilities. |
The exact amount of the bond is $261,807,000. The bonds must be repaid within 20 years. The total repayment amount for Proposition B bonds—principal and interest—was estimated at $355,610,250.[1]
Election results
| Proposition B | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
| 36,285 | 73.57% | |||
| No | 13,035 | 26.43% | ||
- Election results from Dallas County Elections Office
Project list
Full list
A full list of the proposed projects to be funded by the Proposition B bond revenue—including both projects that require matching funds and those that don't—is below:[2]
|
Matching funds required
Certain projects for Proposition B, listed below, are contingent upon the city receiving matching funding from private grants or donations. The matching funds must be received before the city orders the next bond election following the November 7, 2017, election.[1]
| Description | Council district | Cost |
|---|---|---|
| Funding to re-develop/develop three downtown parks: Carpenter Park, Harwood and the West End Plaza. $44.6 million in match | 2, 14 | $35,000,000[3] |
| Trail Conservancy, Dallas County, and NCTCOG for the development of Circuit Trail (the Loop).[4] | 2, 4, 5, 6, 7, 9[5] | $10,000,000[6] |
| Match funding of $10 million from the Woodall Rogers Park Foundation for the expansion of Klyde Warren Park | 14 | $10,000,000 |
| Match funding of $7.5 million from the Dallas Wetlands Fondation to develop a new water garden park in the Cedars Neighborhood | 2 | $7,500,000 |
| Match funding of $7.1 million from the Regional Transportation Commission for the structural support to accommode deck park at I-35 and Ewing | 1, 4 | $7,100,000 |
| Land Acquisition and initial funding for the planning of Midtown Park located northwest of LBJ and Preston Road. Match funding of $6 million from the Dallas Midtown Park | 11 | $6,000,000 |
| Critical parking enhancements and Improvements to accommodate attendance growth. Match funding of $3.5 million provided by the Dallas Zoological Society. | 4 | $3,500,000 |
| Match funding of $1 million provided by Dallas Arbotertum to construct additional restrooms to accommodate increase visitors | 9 | $1,000,000 |
| Match funding of $280,000 from the White Rock Conservancy for restoration of the historic stone tables, developing ADA accessible parking and additional site improvements | 9 | $280,000 |
| Match funding of $165,000 from the Jordan Speith Foundation for an all-inclusive | 10 | $165,000 |
Text of measure
Ballot title
The following is the bond issue proposition title:[1]
| “ |
THE ISSUANCE OF $261,807,000 GENERAL OBLIGATION BONDS FOR PARKS AND RECREATION FACILITIES AND IMPROVEMENTS, THE ESTIMATED AMOUNT OF REPAYMENT, INCLUDING PRINCIPAL AND INTEREST BASED ON CURRENT MARKET CONDITIONS BEING $355,610,250.[7] |
” |
Ballot question
The following is the ballot proposition language:[1]
| “ |
Shall the city council of the city of Dallas, Texas, be authorized to issue general obligation bonds of the city in the aggregate principal amount of $261,807,000 for the purpose of providing funds for permanent public improvements; to-wit: planning, designing, constructing, improving, renovating, repairing, replacing, expanding and equipping park and recreation facilities and the acquisition of land therefor; said bonds to mature serially over a period not to exceed twenty (20) years from their date, to be issued in such installments and sold at any price or prices and to bear interest at any rate or rates as shall be determined within the discretion of the city council under laws in effect at the time of issuance, and to provide for the payment of the principal and interest on said bonds by levying a tax sufficient to pay the annual interest on and to create a sinking fund sufficient to redeem said bonds as they become due; where $355,610,250 is the estimated amount of repayment, including principal and interest, based on current market conditions?[7] |
” |
Support
The Dallas Bond Campaign led the support of the 10 bond proposals on the ballot in 2017.[8]
Supporters
Officials
- Tom Leppert, former Dallas mayor
- Laura Miller, former Dallas mayor
- Ron Kirk, former Dallas mayor
- Lee M. Kleinman, Dallas City Council member[9]
Organizations
- AIA Dallas
- African American Museum, Dallas
- American Heart Association
- BikeTexas
- Circuit Trail Conservancy
- Dallas Area Cultural Advocacy Coalition
- Dallas Arts District
- Dallas Black Chamber of Commerce
- Dallas Citizens Council
- Dallas Parks Foundation
- Dallas Regional Chamber
- Dallas Summer Musicals
- Friends of Dallas Parks
- Friends of Fair Park
- Greater Dallas Hispanic Chamber of Commerce
- Greater Dallas Planning Council
- Metro Dallas Homeless Alliance
- North Dallas Chamber
- Regional Black Contractors Association
- Regional Hispanic Contractors Association
- Southeast Dallas Hispanic Chamber
- State Fair of Texas
- Stonewall Democrats of Dallas
- Texas Discovery Gardens
- The Real Estate Council
Media
- Dallas Morning News said: "Green spaces and what comes with them — trails, rec centers, playgrounds and aquatics — pack a powerful one-two punch: They boost our health as well as our tax base. That's why we recommend a "yes" vote on the city of Dallas Proposition B, which would allocate $261.8 million for parks and recreation improvements."[10]
Opposition
Arguments against
Opponents made the following arguments in opposition to the bond package:[11]
- The language for some of the 10 bond propositions is vague which gives too much room for city officials to use the bond money for something other than what was listed.
- Some opponents of the bond package argue that Dallas should not borrow money for road maintenance.
- Some opponents argue that organizations charged with managing Fair Park and other private-public partnerships are poorly run.
Background
At the beginning of the city's fiscal year, which was October 1, 2017, the city carried an aggregate amount of $1,632,595,997 in tax-supported debt obligations, with $1,007,772,469 in outstanding interest. Prior to the election, the ad valorem tax rate was 78.25 cents per $100 in valuation, with 22.24 cents of that tax used to pay principal interest on the city's outstanding general obligation debt. Since all bonds in this package were approved, an additional $374,875,500 was set to be added to the amount owed in outstanding interest, for a total of $1,382,647,969, which city officials estimated could increase the ad valorem tax rate used to pay the city's interest owed.[1]
Path to the ballot
Proposition B was part of a 10-proposition bond package totaling $1.05 billion in proposed new debt added to the November 2017 ballot by a vote of the Dallas City Council.[12]
The bond proposal started out as an $800 million proposal as of mid-June 2017.[13] On June 28, 2017, the Dallas City Council voted 13-2 to increase the proposal, giving initial approval of a $1.025 billion bond package and pushing the proposal forward in the process. Council members Lee Kleinman and Philip Kingston were the two dissenting votes. On August 9, 2017, the city council voted 11-4 to add $25 million to the bond package and also voted 14-1 to put the propositions on the November 2017 election ballot. Councilman Kleinman was the only dissenter in the final vote. The added $25 million was earmarked for expansion of Klyde Warren Park, streetscaping in the Medical District, and a downtown water gardens project.[14]
Additional resources
- More data on Proposition B and other land conservation ballot measures is available at the LandVote database of the Trust for Public Land (TPL).
- More information about the Dallas' 10-proposition bond package is available here.
Recent news
The link below is to the most recent stories in a Google news search for the terms Dallas parks bond issue Proposition B. These results are automatically generated from Google. Ballotpedia does not curate or endorse these articles.
See also
External links
- Dallas City Secretary website
- Dallas County Elections Office website
- Landvote conservation measures database
Footnotes
- ↑ 1.0 1.1 1.2 1.3 1.4 Dallas City Secretary, "November 7 Bond election Order," August 10, 2017
- ↑ Dallas City Government, "2017 Capital Bond Program Presentation," accessed September 25, 2017
- ↑ This is the cost from bond revenue; matching funds of $44.6 million were committed.
- ↑ This is part of the $20,000,000 project designed to also develop the Trinity Forest Spine Trail, the Trinity Skyline Trail Link, Baker Pump Station Gateway
- ↑ These are the districts affected by the entire trail conservancy project; not all of these district will necessarily be affected by the Circuit Trail (the Loop) project, which is the specific project for which matching funds were committed.
- ↑ This is part of a $20,000,000 project; $10,000,000 in matching funds was committed.
- ↑ 7.0 7.1 Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ Dallas Bond Campaign, "Endorsements," accessed October 25, 2017
- ↑ Dallas Morning News, "Dallas shouldn't borrow money for road maintenance," October 17, 2017
- ↑ Dallas Morning News, "We recommend a 'yes' vote on Dallas Proposition B for parks, trails, rec centers and aquatics," October 11, 2017
- ↑ Dallas Business Journal, "Dallas Regional Chamber urges passage of billion-dollar bond package," accessed October 25, 2017
- ↑ Dallas News, "Dallas voters will decide on $1.05 billion bond package loaded with parks, street repairs," August 9, 2017
- ↑ Dallas Morning News, "Dallas City Council finds tentative solution for gridlock on $800M bond package: spend $1B instead," June 21, 2017
- ↑ Dallas Morning News, "Billion-dollar bond moving forward with Dallas City Council vote," June 28, 2017

