Collin County Commissioners voted 5-0 on Monday, May 7, to call for a $750 million bond referendum election November 6.
Commissioners called for three propositions including:
- $600 million for limited-access roadway, or LAR, projects;
- $140 million for arterial roads, including the reconstruction and rehabilitation of arterial roads;
- and $10 million for open space and parks.
Commissioner Duncan Webb said this bond election will not affect the county’s overall tax rate.
The proposition for LAR projects will be general funding for projects, which could include US 380, the Collin County Outer Loop and a north-south corridor, Webb told Community Impact Newspaper.
For the principal arterial roadways, rather than determining specific projects to work on and how much funding to allocate to each project in advance of calling for the bond referendum, as done with the 2007 bond, commissioners said they would like to determine projects on a yearly basis and see cities present projects to commissioners court with a funding match already allocated. From there, commissioners would decide whether to support projects and provide additional funding.
Commissioners have yet to determine guidelines for cities submitting projects, including what percent funding match will be required.
Funding for open spaces and parks will also be general funding in which the county and cities can request grants for park and open space. This will be similar to the 2007 bond, Webb said.
During the meeting, commissioners asked staff to come back to commissioners court at a later date with the exact language for each proposition.
Collin County Judge Keith Self said the county does plan to call for another bond election in five years.
The last county bond election was held in November 2007 with $285 million of the $328 million bond going toward transportation.
In June 2017, commissioners discussed calling for a transportation bond election but no formal vote was taken.