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Bond Bust: Collin County Voters Shoot Down $817.5M Borrowing Plan

Dallas Express | Nov 6, 2026
The Collin County Courthouse stands in McKinney, Texas, in this June 2014 file photo. | Image by Larry D. Moore/Wikimedia Commons

Collin County voters rejected all four county bond propositions Tuesday, blocking $817.5 million in proposed borrowing for roads and public facilities while leaving existing county taxes and debt intact.

The latest posted county returns, refreshed Thursday, showed all 90 vote centers reporting. The report carries a November 4 timestamp of 1:02 a.m. Results remain unofficial until the county canvasses them.

The adopted August 10 election order divided the proposed borrowing into four measures:

Prop. Principal Purpose For Against Defeat margin
A $296.5 million Courts; adult detention, including medical and mental health facilities; adult probation 158,685 (37.41%) 265,539 (62.59%) 106,854
B $475 million Non-tolled roads and bridges, land and rights of way 204,907 (48.33%) 219,065 (51.67%) 14,158
C $6 million Parks and open space 197,460 (46.68%) 225,561 (53.32%) 28,101
D $40 million Elections and records storage facility 126,279 (30.03%) 294,202 (69.97%) 167,923

 

Percentages reflect votes for or against each proposition. The roads measure came closest to passing; the elections and records facility drew the strongest opposition.

What happens next

Commissioners have a substantial funding request on their November 9 agenda, but it concerns the separate 2023 bond program. A budget item asks them to allocate $179,683,252 from that program’s Proposition A contingency to designated projects. The county auditor’s office confirms those funds are available; the transfer still requires court approval.

The accompanying project schedule lists courthouse expansion and remodeling, a courthouse parking garage, jail work, a jail kitchen relocation and juvenile facilities. Those are projects under the earlier authorization, not a newly announced financing plan for the rejected 2026 package.

Voters approved the earlier county bond program in 2023, as previously reported by The Dallas Express.

A review of the county’s posted bond materials, news releases and November 9 agenda did not identify a replacement election proposal, alternative financing plan for the defeated package or decisions specifying which 2026 projects officials will delay, revise or abandon. Those project decisions remain unconfirmed as of Thursday.

What lost its proposed financing

The county’s public presentation lists $190 million for approximately 586 additional jail beds, $16.5 million for jail systems, $30 million for an adult probation facility and $50 million for courthouse modernization under Proposition A.

Those four components total $286.5 million, $10 million below the ballot amount. An August 10 supporting worksheet instead lists $60 million for courthouse shell space, elevators, escalators and the roof, plus the $30 million probation facility. That breakdown reconciles the $296.5 million total, but the documents differ on courthouse costs.

Proposition B split $475 million between regional roadways, at $350 million, and county roads, at $125 million. Proposition C proposed $6 million for parks, trails and open space. Proposition D proposed a $40 million facility for election offices, training, equipment and county records.

The presentation described projects spanning fiscal 2027 through 2032. Those pre-election schedules do not establish new completion dates after the defeat.

Principal and repayment are different figures

The county’s voter information documents estimated $486,120,499 in interest on the proposed $817.5 million principal, bringing combined repayment to $1,303,620,499. Those estimates describe the rejected borrowing, not existing debt or a guaranteed reduction in future tax collections.

The election order separately recorded $1,133,210,000 in outstanding county debt principal and $506,331,862 in remaining interest as of August 10. That dated debt snapshot is different from annual debt service.

The adopted fiscal 2027 budget already appropriates $110,945,706 for annual debt payments. Its combined spending budget totals $619,548,931, excluding bond funds. Tuesday’s rejection does not rescind those existing obligations or appropriations.

An unchanged rate can still mean a higher bill

The voter disclosures modeled A, C and D individually without an increase in the debt service tax rate, and B at an additional $1.12 annually per $100,000 of appraised value, without exemptions.

The combined financing plan, including remaining 2023 authorization, projected a peak debt service rate of $0.051402 per $100, compared with its fiscal 2026 baseline of $0.041891. Assumptions included 5% interest, full collections and 3% annual taxable-value growth beginning in fiscal 2028. Individual proposition tax effects are not additive.

Before the election, commissioners adopted a total county property tax rate of $0.151414 per $100, including $0.041850 for debt service. The bond defeat does not reverse those September decisions.

A higher taxable property value can increase a homeowner’s bill even when the rate stays unchanged; exemptions and tax ceilings also affect individual bills. The county approved a higher property tax rate in September, as The Dallas Express previously reported.

Collin College and McKinney ISD are separate taxing entities. Their measures and any follow-up plans are separate from the county’s four-proposition package.

The county has scheduled the formal canvass for November 16 at 1:30 p.m. at the county administration building, 2300 Bloomdale Road in McKinney.

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