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Denton officials consider bond extension, additional $49M for FY 2026–27 improvement projects

Denton officials will vote on upping Capital Improvement Program costs for fiscal year 2026-27 by an additional $49 million. The added costs were laid out during an Aug. 4 Denton City Council work session presentation given by city staff.

Council met again for a budget workshop Aug. 8 to discuss the 2023 bond issuance timeline related to the Capital Improvement Program and extending the issuance another four fiscal years to help mitigate the tax rate impact on the bond.

The takeaway: The additional funds would go toward projects like the construction of Fire Station 10, which will be roughly $8.45 million, technology upgrades, which will cost around $8 million, and funding toward a general obligation bond worth $5.8 million to support the 2023 bond, staff said.

Matt Hamilton, Denton’s chief financial officer, said at the Aug. 8 budget workshop that extending the bond issuance timeline would smooth out the tax rate impact in the long run.

What's next? Council will meet twice more before the official budget and tax rate is adopted Sept. 22.

 
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The Altar to bring community events, experiences to Denton

A new event and gathering space will open next to Bewitched Denton.

The details: The Altar will host events designed to be meaningful and uplifting, according to its website.

The business is currently searching for non-retail vendors who would like to rent a room for divination and spiritual guidance services; therapy and counseling; massages and energy work; and practices that include sound meditation and breathwork, according to its website.

The Altar will welcome event ideas for workshops and gatherings and can provide tables, chairs, marketing support and staff help, its website states.

  • 527 Bryan St., Denton

 
Latest Education News
Tarrant County College to consider tax rate increase for upcoming fiscal year

Tarrant County College will consider a tax rate increase for the 2026-27 fiscal year, according to TCC documents.

What’s happening? TCC’s board of directors held a special meeting Aug. 6 to discuss the possible tax rate increase.

The college proposed raising the rate from $0.11228 to $0.12 per $100 valuation, according to a presentation given to the board by Chief Financial Officer Pamela Anglin.

Board president Jeannie Deakyne said based on her calculations, schools in Tarrant County specifically are being affected by the Tarrant Appraisal District’s decision to reappraise property values every two years instead of every year.

According to the college’s FY 2025-26 budget breakdown, the three main revenue sources for TCC are property tax revenue, state appropriations and tuition and fees. 

What’s next? The proposed tax rate will be voted on by the board at the Aug. 20 board meeting, Anglin said. A vote for the tax-rate approval will be Sept. 24, and the rate has to be approved by Sept. 30 or the tax rate will remain the same, Anglin said.

 
Across The Region
Celestica expansion, storage facility: Check out 5 of the latest construction projects filed around DFW

A tech company is expanding its Richardson facility and the Einstein Bros. Bagels Terminal A location at Dallas Fort Worth International Airport is set to undergo renovations. Check out some of the latest North Texas construction projects filed with the Texas Department of Licensing and Regulation.

1. Celestica expansion in Richardson: The tech company Celestica is expanding its Richardson facility with a new 225,000-square-foot building, according to TDLR documents. An estimated 2,300 jobs will be created in the process, according to previous Community Impact reporting.

  • Location: 2801 Telecom Parkway, Richardson

  • Estimated timeline: Sept. 3, 2026-March 15, 2027

  • Estimated cost: $70 million

2. New Advantage Storage in Frisco: The self-storage company Advantage Storage is opening a new location along Hollyhock Road. The location will come with two two-story buildings and two single-story buildings, per the TDLR filing.

  • Location: Southeast corner of US 380 and Hollyhock Road, Frisco

  • Estimated timeline: Oct. 1, 2026-Sept. 30, 2029

  • Estimated cost: $7.7 million

 

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