The city of Richardson plans to issue over $47 million worth of debt in 2022, according to a Feb. 14 presentation made to council.

Nearly $30 million of the debt will be used for issuing general obligation bonds, which are tax exempt, voter-approved costs, Richardson Director of Finance Keith Dagen said. These bonds include $10 million for the improvement of streets, nearly $4 million for sidewalks, $6.5 million for drainage and $1.4 million in park maintenance.

All of these measures are part of the $190 million worth of bonds that was approved during the 2021 election. This issuance will cover the first year of the bond package.

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