City of Tonganoxie Newsletter - Fall 2019

Infrastructure Sales Tax Initiative Updates

Street Maintenance

In the image to the right, the areas shaded in green and yellow represent the Street Maintenance projects including mill and overlay, chip and seal, and asphalt rejuvenation completed between 2018 and 2019. The City Council has set a goal of performing maintenance on each street that was identified in the 2017 Street Index, as developed by BG Consultants. The sales tax dollars serve to bolster the available budget for maintenance, but are subject to first making the debt service payments for the new Library.

Sales Tax Dollars allocated :

FY 2018— $150,000

FY 2019—$168,150

FY 2020—$150,000

Library— on Schedule for Spring 2020!

Sales Tax Dollars allocated :

FY 2018— issued $3.85M in bonds, total 20 year debt with P&I = $5.32M

FY 2019—$261,850 annual debt payment

FY 2020—$262, 950 annual debt payment

Page 2

Made with FlippingBook - professional solution for displaying marketing and sales documents online