May 4 City of McKinney General Obligation Bond Election
The McKinney City Council certified the final election results on May 15. McKinney voters approved all five propositions in a general obligation bond package. The total bond package was proposed at approximately $350 million in funding.
The 2019 McKinney Bond Package
General obligation bonds are funds borrowed by the city for specific public purposes. Usage must be approved by voters and the bonds are repaid with property tax revenue. Bonds for the propositions that passed will be used to fund a number of projects over the next several years. Paying for the bond debt over an extended period allows the property tax collected from current and future taxpayers to be used to pay for improvements.
Prop A Passed: $75,000,000 for public safety facilities
The city proposes $75 million in the upcoming bond election for improvements and expansion of McKinney’s Public Safety facilities, including the McKinney Public Safety Building complex, located at 2200 Taylor-Burk Dr. The funds will be used generally for the design and construction of facilities, the acquisition of land if required, as well as off-site improvements of Public Safety facilities. Additional facilities will fulfill the projected growth of both police and fire administration, as well as land acquisition for future fire stations and improvements to current fire stations. Prop A: public safety facilities fact sheet | PDF
|Prop B Passed: $50,000,000 for municipal community complex|
The city proposes $50 million in the upcoming bond election to be used in the design and construction of a new McKinney Municipal Community Complex. The complex includes public and community spaces for City Council and citizens, as well as city departments including City Manager, City Secretary, Communications and Marketing, Development Services, Financial Services, Housing and Community Development, Human Resources, Information Technology, and Parks and Recreation Administration. Prop B: municipal community complex fact sheet | PDF
|Prop C Passed: $91,000,000 for parks and recreation facilities |
The city proposes $91 million in the upcoming bond election for the enhancement and expansion of the community’s parks system. The scope of proposed improvements includes the renovation or expansion of existing parks, sports fields and facilities, the construction of new parks and the acquisition of property for future parks development. Prop C: parks and recreation facilities fact sheet | PDF
|Prop D Passed: $34,000,000 for public works facilities|
The city proposes $34 million in the upcoming bond election to be used in the design and construction of facilities for new Public Works facilities, land acquisitions and off-site improvements needed to accommodate the Public Works Department, currently located at 1550 S. College St. The new complex would allow the department to meet the needs of the city’s rapidly growing population now and in the future. Prop D: public works fact sheet | PDF
|Prop E Passed: $100,000,000 for street improvements including sidewalk, alley, and other traffic flow improvements|
The city proposes $100 million in the upcoming bond election for the construction or reconstruction of transportation projects that will improve mobility and safety along streets and roadways, reduce congestion and address aging infrastructure. Prop E: street improvements fact sheet | PDF