Compromise Funding Plan Outlined for Parks, Streets

The following article by Sarah McKenzie was posted in the April 26, 2016 on-line issue of the Southwest Journal.

Compromise Funding Plan Outlined for Parks, Streets

Mayor Betsy Hodges and City Council leaders have agreed to a new long-term funding plan for neighborhood parks and the city’s streets.

The 20-year plan would dedicate $33 million in new funding each year for both needs, which would be paid for through a mix of revenue sources — including increases in the property tax levy, issuing debt and cash sources, according to a presentation by the city’s Chief Financial Officer Mark Ruff on Monday to the Council’s Ways & Means Committee.

The Council’s Committee of the Whole will have another public hearing on the plan Wednesday and is expected to vote on the proposal Friday.

To continue reading, click on the link to the Southwest Journal