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Dallas council weighs revenue bond, new fee to revive police station after failed May ballot measure
Summary
At a Nov. 17 work session, council members reviewed value-engineering progress and compared a traditional general-obligation bond (property-tax funded) to a revenue bond paid by a fixed police-station fee; staff set Dec. 15 for final cost estimates and noted Feb. 26 is the latest date to decide to place a measure on the May 19, 2026 ballot.
At a Nov. 17 Dallas City Council work session, staff outlined options to revive a police station project after a bond measure failed in May and recommended considering a revenue bond paid by a fixed police-station fee rather than a property-tax general-obligation bond.
An unidentified presenter (Speaker 4) told the council the value-engineering exercise on the prior proposal is nearly complete and scheduled a Dec. 15 work session where architects and the contractor will present final numbers. "We had a bond election this last May. The bond measure failed," Speaker 4 said, adding the value-engineering work should be wrapped up in the next couple of weeks.
Speaker 4 presented two debt scenarios to the council: Debt Plan A (the previously proposed general-obligation bond) used a $17.2 million project fund, a 30-year term and an estimated total debt of about $37.5 million; Debt Plan B (a revenue bond) used a hypothetical $14 million project fund, a 20-year term and an estimated total debt a little over $23 million. Under the revenue-bond model, the revenue…
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