From the cover
Lewisville’s $263M bond to address infrastructure
Explained
What’s happening?
Lewisville Finance Director David Erb said the median home value is $351,567. Owners of a house at that value would see a maximum increase of $4.39 per month if the bond is approved. The maximum tax rate increase would be $0.015, though he said the three bond packages approved since 2003 have not resulted in a property tax rate increase. “[City o cials] will do everything in their power not to have a tax increase,” Locke said. “There’s nothing in this bond that I consider frivolous. Everything is something we need to move forward as a city.”
Lewisville property tax rate
About every 10 years, Lewisville o cials ask voters to approve a bond sale to continue improving the city, City Manager Claire Powell said. The last time voters saw an infrastructure bond was in 2015 when they approved $135 million in four propositions. In 2021, voters passed a $95 million bond to construct a joint public safety complex for the police and re departments. “We wanted to make sure we took our time, and we looked at long-range plans,” Powell said. The bond package’s creation was nearly a year and a half in the making, city o cials said. The Blue Ribbon Committee, which featured eight Lewisville residents, was initially presented with 68 projects totaling nearly $1 billion, committee Chair Karen Locke said. After collaborating with city o cials, the package was nalized with 24 priority projects.
2019-20 2020-21 2021-22 2022-23 2015-16 2016-17 2018-19 2017-18 2023-24 2024-25*
$0.436086 $0.436086 $0.436086 $0.436086 $0.443301 $0.443301 $0.443301 $0.443301 $0.419079 $0.434079
$0 $0.1 $0.2 $0.3 $0.4 $0.5
Tax rate
SOURCE: CITY OF LEWISVILLE COMMUNITY IMPACT
*PROPERTY TAX RATE IF PASSED
Diving in deeper
Road projects account for $198.9 million of the bond. All told, more than 40 roads or streets are listed. Some of the notable projects include: • Supplemental funding for Corporate Drive expansion • Rebuilding of Allen Road, Lone Oak Street, Willow Street, Hardy Street, Birch Street and Ash Street as part of McKenzie-Hembry Neighborhood Rehab, Phase 2. • Rebuilding South Kealy Avenue as a commercial collector street • Rebuilding South Charles Street • West College Street paving and drainage work, from I-35E to Cowan Avenue. This would be phase two of a project.
ALLEN RD.
HARDY ST.
E. PURNELL ST.
W. COLLEGE ST.
Proposition A: $6.7M for public safety projects Proposition B: $9.9M for expansion of The Gene Carey Animal Shelter and Adoption Center Proposition C: $47.9M for parks projects, including new and expanded parks, trails and open spaces Proposition D: $198.9M for street projects
WILLOW ST.
MAIN ST.
121
MCKENZIE ST.
LONE OAK ST.
W. PURNELL ST.
BIRCH ST.
ASH ST.
Total $263.4M
SRT TOLL
Lewisville
35
121
E. CORPORATE DR.
SOURCE: CITY OF LEWISVILLE COMMUNITY IMPACT
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SOURCE: CITY OF LEWISVILLE COMMUNITY IMPACT
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