Denton City Council unanimously approved the intent to reimburse approximately $384 million for capital improvement projects at an Oct. 21 meeting.

Assistant Finance Director Matt Hamilton said this allows the city to begin these projects with existing cash and reimburse itself later through the sale of bonds.

The money will go toward general government, solid waste, water, wastewater and electric utilities.

The specifics

The city is paying for these projects through two different kinds of bonds: general obligation bonds and certificates of obligation.

The general obligation bonds, which were approved by voters in the 2023 election, total $44.22 million and will be used for:

• Streets
• Drainage and flood control
• Public art and public safety

The remaining projects will be funded through certificates of obligation, which the city intends to sell in June, Hamilton said. The city will spend:

• $58.81 million on general government
• $6.73 million on internal service
• $18.25 million on solid waste utilities
• $55.65 million on water utilities
• $141.89 million on wastewater utilities
• $58.43 million on electric utilities

These projects were included in the fiscal year 2025-26 budget, which city council adopted on Sept. 16, according to city documents.

Looking ahead

Hamilton said staff will come back to council in April to adopt a notice of intention, which notifies the public that the city is selling certificates of obligation.

If market conditions are favorable, the city plans to sell the bonds in June, with an expected fund delivery date 30 days later in July, Hamilton said.