|What is a Bond?||A bond is essentially an IOU. Instead of going to a bank to get a loan, like an individual might do, governments can issue bonds to raise money for specific projects. An investor buys a bond on the understanding that they will be paid back, in full and with interest, on a set date (limited by law to 40 years). In most cases, governments must seek voter approval to issue a bond.|
|Resources||“Bond Election Information 2021,” Tarrant County, https://www.tarrantcounty.com/en/administration/bond2021.html
“Transportation Bond Program,” Tarrant County, https://www.tarrantcounty.com/en/transportation/bond-program/transp-imprvements.html
|Recent News Articles||"Tarrant County identifies 33 road projects to fund if November bond passes," Fort Worth Report (Oct 5, 2021) https://fortworthreport.org/2021/10/05/tarrant-county-identifies-33-road-projects-to-fund-if-november-bond-passes/
“Tarrant County’s $400M transportation bond includes recommended projects for Southlake, Colleyville,” Community Impact Newspaper (Oct 5, 2021) https://communityimpact.com/dallas-fort-worth/grapevine-colleyville-southlake/transportation/2021/10/05/tarrant-countys-400m-transportation-bond-includes-recommended-projects-for-southlake-colleyville/
“Tarrant County Commissioners Court calls for $516M bond election in November,” Community Impact Newspaper (Aug 11, 2021) https://communityimpact.com/dallas-fort-worth/grapevine-colleyville-southlake/transportation/2021/08/11/tarrant-county-commissioners-court-calls-for-516m-bond-election-in-november/
“Tarrant considers transportation bond. Fort Worth, Arlington hope these roads get fixed,” Fort Worth Star-Telegram (Jun 22, 2021) https://www.star-telegram.com/news/traffic/article252165353.html (paywall, article limit; includes video)
|Proposition||The issuance of $400,000,000 of Tarrant County, Texas general obligation bonds for purchasing, constructing, reconstructing, renovating, rehabilitating, improving and maintaining streets, roads, highways and bridges within Tarrant County, including city, county and state streets, roads, highways and bridges, and the imposition of a tax sufficient to pay the principal and interest on the bonds.
La emission de $400,000,000 en bonos de obligación general del condado de Tarrant, Texas, para comprar, construir, reconstruir, renovar, rehabilitar, mejorar y mantener las calles, los caminos, las carreteras y los puentes en el condado de Tarrant, incluidas las calles, los caminos, las carreteras y los puentes de la ciudad, del condado y del estado, y las imposiciónde un impuesto suficiente para pagar el capital y los intereses de los bonos.
|What would Proposition A pay for?||If approved by voters, Proposition A will address new road projects countywide, to address infrastructure issues due to rapid population growth. A "Call for Road Projects” was issued to all municipalities across the County, and all cities who submitted projects for consideration received at least one project award. The proposed bond package will bring an additional half billion dollars in local, state and federal matching funds for projects throughout Tarrant County.
|If I vote FOR||The County will issue up to $400 million in bonds to pay for infrastructure improvements and maintenance.|
|If I vote AGAINST||The County will not issue up to $400 million in bonds|
|Tax Consequences||According to the County’s bond election information, Proposition A will not increase the property tax rate.|
|Proposition||The issuance of $116,000,000 of Tarrant County, Texas general obligation bonds for purchasing, constructing, improving and equipping a Criminal District Attorney office building to provide space for prosecutorial efforts and for other non-judicial county activities, and facilities in support thereof, and the purchase or improvement of sites therefor, and the imposition of a tax sufficient to pay the principal of and interest on the bonds.
La emission de $116,000,000 en bonos de obligación general del condado de Tarrant, Texas, para comprar, construir, mejorar y equipar un edificio de oficinas del Fiscal de Distrito Penal con el fin de proporcionar un espacio para los esfuerzos de la fiscalía y para otras actividades no judiciales del condado, las instalaciones para apoyarlas, y la compra o mejora de los sitios para el mismo fin, así como también la imposición de un impuesto suficiente para pagar el capital y los intereses de los bonos.
|What would Proposition B pay for?||The current District Attorney’s office has outgrown the space it has occupied since 1990. In addition to higher case numbers due to population growth, the technology needs have increased dramatically, and the office has added several new prosecution units that require more space. Proposition B would pay for a new office facility to meet these needs.
|If I vote FOR||The County will issue up to $116 million in bonds to build and equip a new Criminal District Attorney office building.|
|If I vote AGAINST||The County will not issue up to $116 million in bonds.|
|Tax Consequences||According to the County’s bond election information, Proposition B will not increase the property tax rate.|