Anna Asks Voters for $60 Million in Street Bonds That Would Cost $98 Million to Repay
Proposition A would fund Rosamond, Mantua and other road projects. The city's list totals $51.15 million, and the estimated bill tops $98 million.
Anna voters will decide on Nov. 3 whether the fast-growing Collin County city may borrow up to $60 million to build and rebuild streets. The ballot calls Proposition A "a tax increase," because property taxes would repay the bonds.
Here is what the money would buy, what the city says it would cost, and what it does not yet say, based on the city's bond page, its election ordinance and its anticipated project list.
What is on the ballot
The City Council called the election on Aug. 11. Proposition A would let the city issue general obligation bonds of up to $60 million for street work, including utility relocation, curbs, gutters, drainage, sidewalks and land or right-of-way purchases.
The city's page says the money could also replace water, wastewater and drainage lines under the roads being rebuilt and bring streets up to ADA standards. The city expects to sell the bonds over about five years, a portion at a time, based on its capital improvement schedule.
The projects
The city's anticipated project list totals $51.15 million:
Fiscal 2027: Rosamond Parkway, Buddy Hayes Boulevard to State Highway 5, $13 million
Fiscal 2028: Buddy Hayes Boulevard, Hackberry Drive to the Kroger development, $4 million; County Road 423, State Highway 5 to County Road 1036, $2.4 million; Hackberry Drive, North James Street to State Highway 5, $2 million; Standridge Boulevard, FM 455 to Trailwood, $1.5 million; traffic signals to be determined, $750,000
Fiscal 2029: Rosamond Parkway, State Highway 5 to Leonard Avenue, $8 million; Mantua Parkway, U.S. 75 to State Highway 5, $18 million; traffic signals to be determined, $1.5 million
By our math, that leaves about $8.85 million of the $60 million authorization not tied to a named project. The city says the list is subject to change based on funding, priorities and the annual budget, and that the projects are currently unfunded.
Illustrative: U.S. 75 and new subdivisions near Stacy Road in Allen, about 15 miles south of Anna, seen from the air in 2007. Photo: ThornEth / Wikimedia Commons, CC0.
What it would cost
The voter information document attached to the ordinance the city posts on its bond page includes these estimates, assuming a 5.25% interest rate:
Interest on the new bonds: $38,342,740
Principal plus interest: $98,342,740, paid over 23 years
Maximum annual tax increase on a $100,000 homestead: $89.10, assuming an average homestead exemption of $11,932
The city says actual costs will depend on when the bonds are sold, interest rates at that time, final project costs and property values.
There is a wrinkle. The copy of the ordinance posted on Collin County's elections site carries exhibits marked "DRAFT-July 29, 2026" with higher estimates: $76,685,480 in interest, repayment over 26 years and a maximum increase of $142.74 a year on a $100,000 homestead. The city's posted version uses the lower figures. Voters comparing documents should know which one they are reading.
The debt Anna already carries
The same document lists Anna's existing debt when the election was called: $257,590,000 in principal and $165,364,387 in interest, a total of $422,954,387 to be paid over 24 years. The city's debt service tax rate was $0.169002 per $100 of taxable value.
New streets in a growing city are a real need, and roads do not build themselves. But a $60 million loan costs closer to $98 million by the time it is repaid, and it adds to a debt load already above $250 million in principal. Residents can fairly weigh both.
How to vote
Early voting runs through Friday, Oct. 30, from 7 a.m. to 7 p.m., including at the Anna Community Library, 111 W. Fifth St. On Election Day, Nov. 3, Anna residents may vote at any Collin County vote center, including the library and the Anna ISD Administration Building at 151 Rosamond Parkway. Polls are open from 7 a.m. to 7 p.m.
A political action committee, Anna On The Move, is campaigning for the bond. The city's own page says it does not take a position. For a look at what nearby borrowing will cost, see our coverage of Collin County's $817.5 million bond and Wylie's five bond propositions.
