The proposed 2021 CIP Bond Package, if approved by voters on May 1, will NOT raise the City property tax rate!
The City of Rowlett will hold a Community Investment Program bond election on May 1, 2021, which includes a $29.1 million bond package in three propositions to fund Paving & Drainage; Parks, Trails & Recreation Facilities; and Public Safety projects. Each of these projects was carefully considered and proposed by the Council-appointed Community Investment Advisory Board, and the City Council voted unanimously to place these propositions on the ballot for citizens’ consideration. View the projects here.
How were the projects to be included in the bond package identified? In 2016, the City Council appointed citizens and established the Community Investment Advisory Board (CIAB) as a permanent Board to guide the Capital Improvement Plan (CIP) and provide recommendations to the City Council for proposed bond elections. The CIAB has been meeting since November 2016, touring City streets, parks and facilities in an effort to develop a comprehensive project list and funding options that are then refined and presented to the City Council for approval. The CIAB welcomed citizen input to assist in the identification of projects through social media, an online project identification webpage, RTN16 broadcasts, email and hand-written suggestions, and conversations.
How is this possible with no tax rate increase? Up until 2015, it had been nearly 10 years since the last measureable governmental bonds were issued. As a result, the City has a large curve where bonded indebtedness will significantly drop off in the near future. This provides an opportunity to capture some of that capacity, through a series of bonds issued over the next three years, all without a City tax rate increase.