Dallas Business Journal
By Will Anderson – Editor in chief, Dallas Business Journal
A spring vote on a $1.25 billion bond package may be in Dallasites' future.
Dallas City Council members on Jan. 19 signaled support for the larger debt pile — up from the $1.1 billion discussed last month — and for a May election.
The non-binding recommendations from last week's specially called meeting were not the final vote. However, the large majorities in favor signal "the likely direction" for the package, which would funnel money into streets, parks and much more, the Dallas Morning News reported.
Approval of such a bond package could mean large contracts for businesses and an impact on quality of life in the city at the heart of the Metroplex.
The composition of the bond package is not yet set. Competing visions have been outlined and debated, although the various proposals generally would aim hundreds of millions of dollars at street upgrades and park infrastructure, in addition to funding housing and facilities for the arts.
The next council meeting to discuss the bond is scheduled for Jan. 31. The deadline to get the bond on the May ballot is in mid-February.