Dallas City Council considering sending $960M public safety bond to fall voters

Dallas voters may be asked to approve nearly a billion dollars in debt this fall to help the city deliver a long-promised new police academy and help provide financial flexibility in making ongoing contributions to the city’s police and fire pension fund. The proposed $960 million bond is currently split into three separate proposals, including $500 million in pension obligation bonds for the Dallas Police and Fire Pension System. Another bond proposal covers $443 million, including $82 mi...