What is the total tax rate implication for each bond referendum question?

Per $100 of assessed value of personal and real property:

- Streetscape and Pedestrian Improvement Bonds = $6.5 million = 2.33 cents

- Parks and Recreational Bonds = $2 million = 0.72 cents

- Greenways and Trails Bonds = $4 million = 1.43 cents

- Sidewalk Improvement Bonds = $2 million = 0.72 cents

Assuming that voters choose to invest in all four projects, which total $14.5 million - and that the City embarked on all four investments at once - the property tax impact could be up to 5.2 cents, or $52 per $100,000 of home value, each year.

However, Council’s intention is to stagger the projects to minimize the tax impact on residents. The goal is not to embark on all four projects at once. 

Show All Answers

1. What is a bond referendum?
2. What is the purpose of a bond referendum?
3. Why use bond financing for these projects?
4. How much would the City issue in bonds?
5. Does this mean the City will wait 7 years to begin these projects?
6. Can I vote for some bond issues but not others?
7. What is the total tax rate implication for each bond referendum question?
8. Will taxes be applied to real property, only?
9. What happens if the bonds don’t pass in September?
10. If voters don’t approve the bonds, does this mean that the City Council will be prevented from raising property tax rates in the future?
11. Given the condition of the economy, is now the right time to vote on these particular bond initiatives?
12. If the items included in the bond referendum are approved, how quickly would the projects begin?
13. If the items included in the bond referendum are approved, in what order would they begin?