Tarrant County Commissioners approve plans for $516M bond election on Nov. 2

The Tarrant County Commissioners Court voted unanimously on Tuesday to call a bond election authorizing two propositions be placed on the Nov. 2 ballot.

Proposition A calls for the issuing of $400 million in general obligation bonds for the purpose of purchasing, acquiring, reconstructing, renovating, rehabilitating, improving and maintaining streets, roads, highways and bridges in Tarrant County.

Proposition B calls for issuing $116 million in general obligation bonds for purchasing, constructing, improving and equipping a Criminal District Attorney Office Building to provide space for prosecutorial efforts and for other non-judicial county activities and facilities.

The bond election will be held on Nov. 2, 2021.

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The Court emphasized its intent to only issue the bonds if the County has the capacity to repay the bonds without a tax-rate increase.

It is currently anticipated that the bonds will be issued in several series over the next several years.