UPDATE: The City Council has reportedly agreed that there will be a 2017 bond program, because “deferred maintenance is not an option.” But it looks like it may well be a smaller bond, in the $200 million to $500 million range, than the $1 billion initially discussed.
We learned last week that several members of the Dallas City Council are pushing to delay what had been discussed as a possible $1 billion bond election in 2017. The argument for doing so is based upon concerns that the city has substantial debt obligations already, as well as uncertainty over how shortfalls in the police and fire pension fund might affect future operations.
But with so many roads across Dallas pockmarked with potholes, opponents of a postponement say there are too many vital infrastructure needs now that would prove even costlier if further delayed. What do you think?Read More