PROJECTED DEBT SERVICE TAX RATES
All propositions pass
Only drainage projects pass
No 2023 Bond
DEBT IMPACT Pearland’s projected debt service tax rate, which comprises
$0.32 $0 $0.34 $0.36 $0.44 $0.42 $0.40 $0.38
2019 bond passed
The debt service rate is one of two parts of Pearland’s property tax rate. The scal year 2022-23 debt service rate is $0.3388; combining this with the maintenance and operations rate totals the overall rate of about $0.628765 per $100 of valuation.
most of the city’s property tax rate, would change depending on the 2023 drainage bond package size. The more nondrainage items included means the more impact on taxpayers over the years.
Current debt service rate
SOURCE: CITY OF PEARLAND COMMUNITY IMPACT
FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 FY 2024-25 FY 2025-26
the citizens of Pearland know that ... we do think this is worthwhile to spend money on,” Thompson said. “These neighborhoods do need these projects to hap- pen to prevent ooding in future events.” Nondrainage projects Nondrainage project choices were nalized at a Jan. 23 meeting, where the council chambers were lled with citizens attending to hear the council dis- cuss adding new propositions to the bond. The bond is set to include three additional propo- sitions: a streets and sidewalks proposition, a parks proposition, and a public safety proposition.
A $181.3 million bond is projected to add 1 cent to the city’s debt service tax rate, which would cost cit- izens with a $250,000 home an extra $24.38 annu- ally, according to a presentation from Robert Upton, director of engineering and public works at the city. This assumes all propositions in the bond pass. Additionally, some of the nondrainage items will come with recurring costs on the city’s general fund, such as maintaining and operating some of the new facilities as well as one-time purchases of relevant equipment, Upton said. The city had previously considered issuing a drainage fee for Pearland residents, which would have charged $5 a month for all residential prop- erties, totaling at least $60 annually. The council voted the action down at a February 2022 meeting after receiving pushback from several members of the community. Cole said the fee would have led to the coun- cil using certi cates of obligation to address the city’s drainage issues, which would not have required voter approval. He said this and the fact the fee would have a ected nontaxpaying entities such as churches caused the council to be split on the concept. “What was missing in the fee discussion was the citizens,” Cole said. “Nobody was going out and let- ting the citizens come to the table and talk about any of this. Citizens don’t want to be ooded; they want good drainage. We need to hear from them directly on projects.”
spoken in favor of completing the Independence Park renovation project; the rst phase was com- pleted in 2019. “It’s [important to give] people a way to get to and from our beautiful parks that we build, and you’re not given the sidewalks to get there of course; you got to get in the car,” Hernandez said. Cole said the projects will be divided into propo- sitions because he predicted some voters may vote for drainage improvements but against other items. “When you put [projects] on the ballot in dif- ferent propositions, you’re giving the people the opportunity to pick and choose the buckets, if
The streets and sidewalks proposition will include con- struction on Hughes Road from Pearland Parkway to the city limit for $10.7 million, con- sisting of widening and a new bridge. Additionally, it will include a $15.4 million con- crete replacement program for the city’s sidewalks. The park proposition consists of funding the second phases of the Hickory Slough Sports- plex and Independence Park
you will, that they want to do without saying yes or no to the whole thing,” he said. Financial impact A bond passed by voters will have an impact on the city’s tax rate that depends on the size of the propositions that are approved. Speci cally, the city’s debt service rate will be impacted, which is one of the two parts that make up the city’s overall tax rate.
“ALL WE WANT PEOPLE TO DO IS VOTE, YOU KNOW, FOR OR AGAINST. WE WANT THEM TO BE ABLE TO BE INFORMED AND TO GET OUT THERE AND VOTE.” JOSHUA LEE, PEARLAND DIRECTOR OF COMMUNICATIONS
“We had to take into consideration the cost implica- tions on the community,” Thompson said on selecting drainage projects with the citizens committee. The city has an operations and maintenance tax rate, which is subject to voter approval. The other part is the debt service rate, which is how the city pays its debts to investors. The debt service rate for the scal year 2022-23 budget is $0.3388 per $100 of valuation.
projects, costing $17.4 million and $16.3 million, respectively. Finally, the public safety proposition is a project building the city’s seventh re station for $15.9 million. Council Member Adrian Hernandez emphasized the importance of a prospective sidewalk improve- ment program that could be included in a streets and sidewalks proposition. He has previously also
For more information, visit communityimpact.com .
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