McKINNEY (Nov. 4, 2015) — McKinney voters approved five out of seven propositions in a general obligation bond package according to the unofficial election results from the Collin County Election Administrator. Provisional ballots will be counted and final results certified next week.
Residents across McKinney, Collin County and the State of Texas casts their votes Tuesday on a variety of races and bond issues across the state. There were seven amendments proposed to the Texas Constitution, and several municipalities and school districts held bond elections.
In McKinney, voters were asked to vote on several bond packages ranging from improvements to the streets, parks, airport and municipal buildings to the expansion of parking facilities in the downtown area.
Here are the City of McKinney proposals and the final results:
Proposition No. 1: The issuance of $64,100,000 general obligation bonds for street improvements and the levy of a tax in payment thereof
Proposition No. 2: The issuance of $50,000,000 general obligation bonds for constructing and improving the McKinney National Airport and the levy of a tax in payment thereof
Proposition No. 3: The issuance of $22,500,000 general obligation bonds for public safety facilities and the levy of a tax in payment thereof
Proposition No. 4: The issuance of $11,700,000 general obligation bonds
for municipal buildings improvements and the levy of a tax in payment thereof
Proposition No. 5: The issuance of $10,000,000 general obligation bonds for downtown parking facilities and the levy of a tax in payment thereof
Proposition No. 6: The issuance of $2,000,000 general obligation bonds for flood protection and the levy of a tax in payment thereof
Proposition No. 7: The revocation of $13,395,000 general obligation bonds for park and recreation facilities
General obligation bonds are funds borrowed by the city for specific public purposes. Authorization to borrow must be approved by voters and are repaid with property tax revenue. The total bond package was proposed at approximately $160 million in funding.
According to the Collin County Board of Elections, of the 489,820 registered voters, cards were cast by 53,773, or 10.98 percent of the electorate.
For the amendments to the state constitution, all seven passed, five by 80 percent or higher.
For more election information from the Collin County, visit collincountytx.gov.
McKinney, Texas, is unique by nature. The city is No. 1 on America’s Best Places to Live list published by Money Magazine. As one of the fastest-growing cities in the United States, McKinney has a current population of more than 155,000. Established in 1848, the city is located 30 miles north of Dallas and is the county seat of Collin County. McKinney offers award-winning schools, a vibrant historic downtown, diverse housing options, a robust economy and a uniquely beautiful natural setting, with rolling hills and lush trees. Visit the city’s website at mckinneytexas.org.