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On November 7, 2017, Fort Worth voters approved Propositions A and B in the 2017 Bond Election. Both propositions received resounding voter approval at 78% and 74%, respectively. The propositions included in this bond proposal are as follows:
Proposition A "Penny Swap" Tax Rate Authorization
Allows the District to increase the Maintenance & Operation portion by two cents, so that it can lower its debt service portion by an equal two cents. This “penny swap” allows Fort Worth ISD to receive an additional $23 million each year for Maintenance & Operation – mostly funded by added money from the state. This would result in up to $230 million over the next 10 years and allow the District to launch its proposed bond improvement program, Proposition B, with no increase in the current school tax rate.
Proposition B - $750 Million Bond Proposal
The 2017 bond package:
Proposition A, the “Penny Swap” authorization, approves, the resulting additional state funding allowing for updates in security, technology, and instructional equipment at elementary and middle schools.
Work began immediately on the new Capital Improvement Program with the issuance of RFQs for Owner Representative Services and architectural/engineering services on December 2017. PROCEDEO was selected as the Owner Representative for the 2017 Capital Improvement Program.