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Mayor Coleman Wants $842M Bond Package on Columbus Ballot
COLUMBUS (Ken Hines) -- Mayor Michael Coleman is asking voters to approve an $842 million bond package aimed at encouraging investment in the city.
Mayor Coleman (D-Columbus) is eying the November ballot for the placement of the package, which would include the following four issues:
- $445 million for public utilities (water system and stormwater improvements, street lighting)
- $220 million for public service (resurfacing, sidewalks, roadways, bikeways, refuse collection, street equipment)
- $124 million for recreation and parks (rec centers, bike paths, pools, parks, playgrounds)
- $53 million for safety and health (police, fire)
The mayor said the package will not require a tax increase, and is critical to improve Columbus's already-high standing among American cities.
"Columbus is being recognized as one of the best cities in the nation because we've continued to invest in our infrastructure and our quality of life," he said. "If voters support our bond package this November as they have in the past, we'll be able to maximize our capital dollars and maintain our momentum."
Mayor Coleman said the city's AAA credit rating enables investors to offer low interest rates when purchasing Columbus bonds.
If passed, the bond package would replace one approved in 2008. City auditor Hugh Dorrian hopes the the track record of success of such packages in Columbus will encourage voters approve the latest proposal.
"Columbus voters have approved every bond package the city has put before them for nearly three decades now, and continue to benefit from their prudent approvals," Dorrian said. "I encourage our Columbus voters to join us, once again, in giving the city the tools to meet its infrastructure needs in a cost efficient manner."