PILLAR: Fiscally Sound
AGENDA DATE: September 9, 2026
COUNCIL DISTRICT(S): N/A
DEPARTMENT: City Controller’s Office
PRIORITY: N/A
______________________________________________________________________
SUBJECT
Title
A resolution authorizing the preparation of plans and the payment of potential future costs and expenses for the issuances of (1) General Obligation Refunding and Improvement Bonds, Series 2026 in an amount not to exceed $312,000,000; and (2) Equipment Acquisition Contractual Obligations, Series 2026 in an amount not to exceed $36,000,000 - Financing: This action has no cost consideration to the City (see Fiscal Information for potential future costs)
*In alignment with Bond Implementation Program.
Body
BACKGROUND
This item authorizes the preparation of plans and the payment of potential future costs and expenses for multiple bond issuances. Pursuant to elections held in May 2024, the residents of Dallas voted and authorized the City to issue general obligation bonds for the purpose of providing funds for permanent public improvements. In addition to issuing bonds for capital projects, the City also issues bonds to satisfy other funding needs, including fleet and large equipment.
The City’s co-financial advisors, Hilltop Securities, Inc. and Estrada Hinojosa & Co., recommend collectively issuing up to $348,000,000 in bonds for the purpose of funding approved capital improvements, refunding eligible outstanding obligations for savings, and funding various City equipment needs. Based on the funding needs, the City’s co-financial advisors recommend the issuance of: (1) General Obligation Refunding and Improvement Bonds, Series 2026, to finance capital improvement projects at the City and refund up to $58,000,000 of eligible Series 2017 obligations for savings, in an amount not to exceed $312,000,000; and (2) Equipment Acquisition Contractual Obligations, Series 2026 (“equipment notes” or “bonds”), to finance the purchase of City equipment for gene...
Click here for full text