YOU did it, Frisco!
In January of 2023, the Frisco Citizens Bond Committee recommended a bond package totaling $473.4 million. In February, the Frisco City Council approved placing five propositions on the ballot for the May 6th general election. Voters must approve each proposition (A through E) individually before general obligation certificates may be issued for the projects outlined in each proposition.
Over the next 6+ years, these projects will be critical to support Frisco’s growth while maintaining the high quality of life we’ve come to expect.
Aaa Bond Rating
The Aaa rating demonstrates the strongest creditworthiness relative to other U.S. municipal or tax-exempt issuers or issues.
Class 1 ISO Rating
An ISO Class 1 PPC rating has a direct bearing on the cost of property insurance for every home and building in a community.
This accreditation assures that the Frisco Police Department is committed to professional excellence and delivery of the highest level of service to the community.
2023 CAPITAL IMPROVEMENT BOND PROPOSITIONS
POLICE & FIRE
Proposition A includes funding for fire station 11, a new fleet services building, remodeling fire station 4, and new equipment to improve services to residents and increase the safety of firefighters. It also includes funds for a parking garage and software and infrastructure improvements at the police headquarters. Improvements at the public safety training center include a simulation center and a firing range.
STREETS & ROADS
Proposition B supports the construction of new roads in Frisco, as well as the reconstruction of aging roadways. Individual roads are not identified in the bond package in order to allow City Council and staff to respond to the dynamic needs of the city.
Proposition C provides $31 million for the construction of a joint operations facility to support the Parks and Building Services departments. It also allocates $8 million for the addition of a Logistics Center to be located at the current Public Works facility.
PARKS & TRAILS
Proposition D provides funding for parks, trails, and open spaces to support Frisco’s growing population.
Proposition E allocates $20 million to construct a four-level, 390-space parking garage in Downtown Frisco near Main St. and Third St. Over the next several years, there will be significant development in Frisco’s downtown, including reconstructing portions of Main Street and construction of a plaza/park. With this redevelopment, demand for parking is expected to increase substantially.