This November, Prosper voters will weigh in on a $192.3 million bond package. The measure, unanimously approved for the ballot by the town council on Aug. 12, could shape the community for years to come.
The measure is a “no tax rate increase” bond election, meaning it will not raise the town’s current property tax rate.
What’s in the Bond Package
The proposed funding would be divided among several major projects:
- Proposition A: $92.8 million for street and road improvements
- Proposition B: $29 million for police improvements
- Proposition C: $34.2 million for a new library facility
- Proposition D: $24 million for parks and recreation facilities
- Proposition E: $10 million for a public works and parks service center
- Proposition F: $2.3 million for downtown improvements
How The Proposal Took Shape
The bond package is the result of months of work by a 13-member committee made up of 10 Prosper residents and three town council members. Appointed on Sept. 24, 2024, the committee collaborated with town staff to identify capital improvement projects that align with Prosper’s Strategic Vision.
At the July 22, 2025, council meeting, committee chairman Kevin Greene presented a recommendation for six individual referendum questions totaling $183.8 million. Council later added $8.5 million for renovations to the northbound access road of the Dallas North Tollway, bringing the final proposal to $192.3 million.
Looking Back And Ahead
This year’s bond election follows the $210 million approved in 2020, which is expected to be fully issued by 2026. Town leaders say the 2025 package will allow Prosper to continue key capital projects without delay, keeping pace with the town’s rapid growth and evolving community needs.
Each bond proposition will be listed as a separate measure on the Nov. 4 ballot. Voting times and polling locations will be determined at a later date.
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