With the increasing growth in the city comes the need for additional roads and arteries to cope with the public’s demands. The city has grown rapidly in the last decade and so has the wear and tear occurring on our streets. 

Therefore the City of Fort Worth is introducing a new 2008 Bond Program, that, if adopted in the May 10 bond election, will be used to fix and reconstruct Fort Worth’s streets most in need of repair and/or reconstruction.

The Proposed 2008 Bond Program is a no-tax-increase bond program, meaning the amount of money available is limited because the property tax rate does not increase.

City Council and staff have determined that reconstructing all existing street needs – some 74 arterials and 479 lane miles of neighborhood streets – would require well over $1 billion. Without raising taxes, the amount of money available for the proposed 2008 Bond Program is $150 million, and Council is formulating a program to present to voters for their consideration on election day this spring.

If approved by voters, bond program money will be spent on reconstructing high-priority streets, not regular street maintenance. Regular maintenance of streets is provided for in the annual budgets (approx. $15 million in Fiscal Year 2007-2008), however full reconstruction of street surfaces are needed when streets deteriorate to a point where adequate resurfacing is no longer possible. This bond, if approved by voters, will provide money for those streets that need complete reconstruction.[ Read More...]