The Collin County Commissioners Court unanimously agreed on Monday, May 7, 2018, to hold a $750 million bond election come November to help keep pace with county growth.
Transportation authorities have estimated that Collin County will need more than $3 billion in roadway expansion and construction over the next decade to deal with increased traffic and rapidly growing cities and towns.
The court voted to focus the bond issue on:
- $600 million for high-speed roadways;
- $140 million for arterial roadways that feed into the highway system; and,
- $10 million for open space and parks projects.
The November bond election, if passed by voters, would not increase the Collin County's debt tax rate (also known as the Debt Service Fund). That rate comes to $0.05345 per $100 valuation, or about a quarter of the county's overall property tax rate of $0.192246.
Collin County's property tax rate has been trimmed back five times in as many years, with no property tax rate increase in 25 years.
County Commissioners will formally set the bond proposal in mid-summer for the Nov. 6, 2018, general election. We will post more information and links on this topic as it becomes available.
Here is a list of recent discussions on the bond issue in open court by Commissioners Court members; viewers can also search and view past court sessions -- and agenda documents:
May 7, 2018, Item 44743