Prosper bond committee recommends $184 million package for streets, police, library, parks and service center

A citizen bond committee recommended a roughly $184 million, no-tax-rate-increase bond package for Prosper to place before voters on Nov. 4, 2025, the committee chair and town staff told the Town Council on July 22.

The package, which the committee prioritized after about 10 months of meetings and tours, proposes about $84.3 million for streets, $34.2 million for a new or expanded library, $29 million for a police facility expansion, $24 million for parks and recreation projects, $10 million toward a permanent public works and parks service center, and funding for historic silo renovations. "I can say with absolute confidence that our recommendations ensure this bond package truly reflects the diverse voices and interests of our community," Kevin Green, chair of the bond committee, told the council.

The recommendation aims to keep the town's debt service rate at or below the existing $0.18 figure so there is "no tax rate increase," Bob Scott, a town staff member who presented the process to council, said. The committee structured the proposal around a 20-year debt schedule and assumed ongoing assessed-valuation growth and occasional refundings to stay within that debt service limit.

Why it matters: If council places the proposal on the November ballot and voters approve it, the bond would fund large capital work across Prosper for the next several years. Staff and committee members said the plan tries to balance infrastructure needs with community amenities after the 2020 bond heavily favored streets.

What the committee recommended and why The committee began the prioritization process with an initial capacity estimate near $165 million…