Dallas Maps Out $550M of Bonding

Williamson, Richard
May 2003
Bond Buyer;5/6/2003, Vol. 344 Issue 31629, p1
Trade Publication
Following surprisingly strong voter support for the largest general obligation bond program in the city's history, Dallas officials are developing a timetable for projects funded by the 550 million dollars of debt approved in an election on May 3, 2003. But some analysts said the city likely will need to ask for more debt to address deferred maintenance. The first of four annual issues will come in November 2003, said assistant city manager Jill Jordan. City staff members will likely propose a schedule of funding for the approved projects when the newly elected City Council convenes in June 2003, according to Jill. Those projects were part of what City Council members called the second tier of bond proposals, items that would require a tax increase.


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