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The city of Frisco has issued $147.82 million in general obligation bond funding.
During an Aug. 4 Frisco City Council meeting, city officials approved the issuance of general obligation and improvement bonds, with more than one-third of the funding allocated for street and road improvements.
Where the money goes
According to city documents, the $147.82 million in general obligation bond funding has been split up for the following five projects:
The following projects were included in Propositions A, B and C of the May 3, 2025 bond election.
The details
General obligation bond funding is money a city borrows by selling bonds to investors to pay for major public projects. The city repays the borrowed money over time using property tax revenue voters have approved for specific projects.
General obligation bonds pay for long-term capital infrastructure projects like parks, roads, libraries, fire stations, police facilities and recreation centers.
Zooming out
According to city documents, the issuance of $147.82 million in general obligation bond funding was reviewed by two national rating agencies, reaffirming the city’s AAA bond rating, marking eight consecutive years of high-level bond ratings.
Frisco voters previously rejected a proposed $160 million general bond obligation on the May 3, 2025 ballot, which would have funded a new performing arts center.
