Page 378 - CityofArlingtonFY26AdoptedBudget

Financial/Economic Development

Goal 1: Continue Responsible Fiduciary Emphasis for the Organization and Council
Objective 3: Seek New or Alternative Funding Sources
Project Performance Measure(s) Department(s)
Core 2025 Bond Election Office of Strategic Initiatives
FED
1.3.1
Summary:

OSI is the lead department for the development of bond Milestone Estimated Actual
elections for the City. A new bond election is anticipated Completion Completion
for May 2025. Project Prioritization July 2024 July 2024
& Estimates
Project Prioritization and Estimates: Citizens’ Bond Dec. 2024 Oct 2024
Departments with capital infrastructure needs will review Committee
the needs, prioritize the highest needs, and provide cost Public Outreach Dec. 2024 Nov 2024
estimates for each project. Proposition Feb. 2025 Feb. 2025
Preparation & Call an
Citizens’ Bond Committee: Election
The City Council will convene a Citizens’ Bond Committee
to review all projects and prioritize the highest need
projects within the established available debt capacity for
a multi-year bond program.

Public Outreach:
Throughout the program development process, the public
will be informed and have the opportunity to participate in
the bond program development with a bond program
website, informational and educational videos, and a
series of public meetings prior to City Council calling the
bond election.

Proposition Preparation and Calling an Election:
City staff will engage a bond counsel to review the
proposed projects and help the City develop bond
propositions for voters to consider on the May 2025 ballot.

Update:
The bond election was held May 3, 2025, and all five
propositions passed. Staff began sequencing the new
projects in the current CIP.

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