DALLAS — A $500 million general obligation bond package going to Dallas voters this fall will do little to whittle down the city’s $4.4 billion of needed street repairs and reconstruction.

Dallas has the capacity to issue $450 million to $550 million of additional GO debt without increasing the property tax rate, but more than $320 million of the fall 2012 debt package is currently earmarked for a single, large flood-control project.

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