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Council weighs $17.5M vs. $25M bond issue for roads and ladder truck; public decision set for June 3
Summary
Robinson officials discussed whether to issue $17.5 million or $25 million in tax-supported bonds to fund road improvements and a ladder truck. Staff presented estimated tax impacts based on a median house value and said utility projects would be financed separately with $8 million of utility debt.
Robinson city officials spent the workshop reviewing proposed debt issuance to fund street improvements and a ladder truck and discussed two main tax-supported alternatives: $17.5 million and $25 million. Council directed staff to return to the June 3 meeting with both options so the council can make a final decision.
Staff presented estimated taxpayer impacts using a median house value of $326,008.60. At $17.5 million, the city-estimated annual increase on city taxes…
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