How are projects selected for bond funding?

In Allen, residents lead the charge to select and prioritize projects to be paid for by bonds, set proposed bond package amounts and determine what impact (if any) the use of bond funds might have on the tax rate. Discussions are guided by a knowledgeable citizen committee with a history of service to Allen, with presentations and supplemental information provided by City of Allen staff.

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1. What is a bond election?
2. How does municipal bond funding work?
3. How are projects selected for bond funding?
4. Will this bond election raise the City tax rate?
5. Why does the City use bond debt to fund projects?
6. How long will it take to repay bond debt money?
7. How much will the interest be for bond debt on proposed projects?
8. Does the City have to use bond debt to build new improvements?
9. How is the tax rate affected if voters do not approve bond funding?
10. What are some examples of existing community projects/enhancements that were funded by bonds?
11. Does the City fund school facilities like the football stadium?
12. How were bond projects selected?