Dallas advances $205m water revenue bond and targets state PFAS grants

Dallas advances $205m water revenue bond and targets state PFAS grantsThe Dallas City Council has greenlit preparations for a major water and sewer revenue refunding bond issuance while simultaneously pursuing Texas Water Development Board funding for emerging contaminants and water supply infrastructure.

The council authorized preparations for Waterworks and Sewer System Revenue Refunding Bonds, Series 2026A, capped at $205 million.

Dallas Water Utilities will apply for up to $55 million from the Texas Water Development Board's Water Supply and Infrastructure Grant Program.

The city is seeking state grant funding to address per- and polyfluoroalkyl substances (PFAS) at its water treatment plants.

All water-related funding measures were approved unanimously without debate during the June 10 meeting.

The City of Dallas is moving forward with a significant capital financing strategy for its water and wastewater systems following city council approval on June 10, 2026. The council unanimously authorized preparations for up to $205 million in Waterworks and Sewer System Revenue Refunding Bonds. Approved as Series 2026A, the bond measure aligns with the city's Water and Wastewater Capital Improvement Program. The resolution authorizes the preparation of plans and the payment of potential future costs associated with the issuance. The item passed quickly as an individual consideration item without council debate. In addition to the bond authorization, the council approved a pair of applications to the Texas Water Development Board (TWDB) to secure state funding for critical infrastructure. Dallas Water Utilities will seek up to $55 million through the TWDB's Water Supply and Infrastructure Grant Program to support ongoing water supply projects. The city is also targeting emerging contaminants. The council authorized an application to the TWDB's Emerging Contaminants in Small or Disadvantaged Communities Grant Program. This funding is earmarked for the planning, design, and potential construction of improvements identified during a per- and polyfluoroalkyl substances (PFAS) assessment at Dallas Water Utilities water treatment plants. Both grant applications were approved unanimously via the council's consent agenda.