Fort Worth Passes $220 Million Capital Improvements Bond Package

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    NEWSLETTERS

    TK
    Fort Worth Chamber of Commerce

    In Fort Worth, voters overwhelmingly approved seven propositions worth $292 million that will finance a five year program to improve streets, parks and other public facilities.

    The overview of the bond package allocated $220 million for street improvements, $31 million for parks and recreation, $13 million for libraries, $9 million for fire safety, $1.5 million for municipal court improvements, $15 million for municipal service facility improvements and $2.3 million for animal care and control facility improvements.

    The votes for the seven props can be seen here.

    Fort Worth said the funding for the additional capital improvement projects will not be funded by a property tax increase, rather through general obligation bonds. The city will then pay off those bonds through it's general property tax reciepts.

    More about the bond package can be read here.