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
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