Will this bond election raise the City tax rate?

Every bond proposition is assessed for its potential impact to the tax rate. During the public input process, the Finance Subcommittee uses conservative projection data and financial forecasting to calculate potential tax rate impact based on the total bond package being proposed. These are only estimates and do not necessarily result in a tax increase.

For example, the 2016 bond propositions were estimated to have a potential tax rate increase of $0.004 (less than half a cent). Instead, City of Allen's tax rate has decreased by $0.1088 (more than 10 cents) since 2016.

In fact, over the last 30 years, the City of Allen has consistently decreased the tax rate while utilizing voter-approved bond funding for capital projects.

Show All Answers

1. What is a bond election?
2. How are projects selected for bond funding?
3. Will this bond election raise the City tax rate?
4. Why does the City use bond debt to fund projects?
5. How long will it take to repay bond debt money?
6. How much will the interest be for bond debt on proposed projects?
7. Does the City have to use bond debt to build new improvements?