Prosper residents will vote on a $192.3 million bond package for infrastructure, public safety and community amenities.

At their Aug. 12 meeting, Prosper Town Council members unanimously voted to place the bond package on the Nov. 4 ballot.

Deputy Town Manager Bob Scott said the proposed bond is a “no tax rate increase” bond election, meaning it will not raise the town’s current tax rate.

Breaking it down

The $192.3 million bond package includes:

• $92.8 million for street and road project improvements, previously $84.3 million
• $34.2 million for a new library facility
• $29 million for police headquarters improvements
• $24 million for parks and recreation facilities improvements
• $10 million for a public works and parks service center
• $2.3 million for downtown improvements, expanded from only downtown silo renovations

Additionally, Mayor Pro Tem Amy Bartley requested expanding the silo renovation funds to cover broader downtown improvements to give staff more flexibility.

Some context

Prosper Town Council created a bond committee in September to identify key capital improvement projects to focus on in the proposed bond.

Previously, the bond was proposed at $183.8 million, but council increased the bond by $8.5 million, which will be directed toward renovating the “worse parts of north bound access road of the future [Dallas North Tollway],” according to city documents.

The bond package was increased due to updated property appraisals that boosted the town’s projected funding, allowing council to increase the total to $192.3 million.

If approved, funds would be spent over the next eight years, according to city documents.

What’s next?

The bond propositions will appear as separate items on the Nov. 4 ballot.