A Blue Ribbon Committee was appointed by Lewisville City Council to review major infrastructure and facility needs for consideration in a future bond election. The committee has received project proposals and is working on a list of priority projects for council. Since the needs outpace the available debt capacity, not all proposed projects will be recommended, according to the city.
If approved by council, the package would be presented to Lewisville voters as a list of ballot propositions for projects or project categories.
Bonds are used to pay for large capital projects that cannot reasonably be included in the regular operating budget. Lewisville’s practice is to issue bonds with a 16-year term, according to the city.
The five-question online survey will remain active until March 31. More information about the proposed projects can be found here.
