Engage Allen: 2023 Bond

Municipal bonds allow cities to fund major projects such as roads, parks, facilities and other capital expenses. Bonds are issued and repaid over an extended period of time, similar to the way many buyers finance the purchase of a home. This strategy helps keep costs more equitable between current and future residents - after all, many of the people who will enjoy these amenities haven’t even moved here yet!

Before issuing bonds which could potentially impact the tax rate, Texas cities are required to put any bond proposition to a vote. If a proposition receives more than 50% of the vote, bonds may be issued for the purpose specified on the ballot.

In Allen, residents lead the charge to select and prioritize projects to be paid for by bonds, set proposed bond package amounts and determine what impact (if any) the use of bond funds might have on the tax rate. Discussions are guided by a knowledgeable citizen committee with a history of service to Allen, with presentations and supplemental information provided by City of Allen staff.

Any Allen resident can participate by engaging with online polls and other feedback opportunities, or by joining a group (called a sub-committee) in one of the five focus areas: public safety, parks/downtown, streets/neighborhoods/infrastructure, public art and finance. Anyone who attends upcoming public meetings can join - no application or selection process required.

We know not everyone can attend meetings in person, so online feedback opportunities will be made available throughout the public input process. Subscribe to email alerts to be notified. These decisions impact all of us, so it’s important to hear from as many voices and perspectives as possible!