Dallas voters may be asked to approve a $960 million bond to support public safety initiatives, including the construction of a new police academy and funding for the city’s police and fire pension fund. The proposed bond is split into three separate proposals, with $500 million allocated for pension obligation bonds for the Dallas Police and Fire Pension System.
Details of the Bond Proposal
Another bond proposal covers $443 million, including $82 million needed to fully fund a Law Enforcement Training Center on the UNT-Dallas campus. Despite active fundraising efforts and support from the state of Texas, a funding gap remains. Dallas City Manager Kim Tolbert stated that the city has explored all possible options to minimize the amount of debt required.
Councilmember Kathy Stewart expressed support for sending the bond proposal to voters, stating that it demonstrates the city’s commitment to supporting first responders. However, Councilmember Adam Bazaldua opposed the proposal, citing concerns about the potential impact on taxpayers and the city’s fiscal responsibility.
Original reporting: Dallas TX News (HLL/CB) — read the source article.
