Dallas approves $34m water and sewer revenue bond sale
City of Dallas Department of Water Utilities, Texas · Meeting date: October 28, 2026 · Published: October 29, 2026
Dallas will issue $34 million of Waterworks and Sewer System Revenue Bonds, Series 2026C, to the Texas Water Development Board. The financing was approved on 28 October as part of the Dallas Water Utilities Department’s water and wastewater capital-improvement programme.
Key points
- The council approved the $34 million Series 2026C Waterworks and Sewer System Revenue Bonds sale to the Texas Water Development Board.
- Issuance costs are not to exceed $112,000 and will be financed through the Dallas Water Utilities Fund.
- The bond action was paired with approvals for water and wastewater facility-cleaning services and a $5 million, three-year laboratory equipment and supplies agreement.
Full report
Dallas City Council has authorised the issuance and sale of $34 million in Waterworks and Sewer System Revenue Bonds to the Texas Water Development Board, securing a new source of financing for Dallas Water Utilities’ water and wastewater capital-improvement programme.
The Series 2026C bonds were approved on the council’s consent agenda on 28 October. Costs associated with the transaction are capped at $112,000 and will be financed from the Dallas Water Utilities Fund.
The approval places the Texas Water Development Board on the other side of the entire $34 million bond sale. The action authorises the agreements connected with the sale, alongside other matters required to complete the transaction.
The financing decision came amid a set of operational approvals for Dallas Water Utilities. Council also approved a three-year interlocal agreement with ASC Environmental Services, through the North Texas Municipal Water District, for water and wastewater processing-facility cleaning services. That agreement has an estimated value of $990,595.66 and is funded by the Dallas Water Utilities Fund, subject to annual appropriations.
Separately, the council authorised a three-year master agreement worth an estimated $5 million for Dallas Water Utilities laboratory equipment and supplies. Taylor Distribution Group, trading as TDG Scientific, received the largest allocation at $3.18 million. Other suppliers are HD Supply, trading as USABluebook, at $1.03 million; Dream Ranch Office Supplies at $362,600; Pacific Star Corporation at $242,100; and Sycamore Life Sciences at $189,000. Dallas Water Utilities will provide $4.95 million of the total, with the Stormwater Drainage Management Operation Fund contributing $50,345.
Together, the approvals combine long-term capital financing with maintenance and laboratory procurement for the utility’s water, wastewater and stormwater operations.
This summary was generated by AI based on the source document and may contain errors.
Source: City Council, City of Dallas Department of Water Utilities