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Troy council approves $137 million bond proposal, places 1.1‑mill, 20‑year ask on November ballot
Summary
After extended public comment and staff presentations, Troy City Council voted 6–1 to submit a $137 million capital bond to voters in November. The measure would fund a new library, major road work, parks and recreation projects and public‑safety equipment and is structured as a 20‑year, 1.1‑mill request.
Troy City Council on Monday voted to submit a $137 million capital bond proposal to voters in November, approving a 20‑year plan that would carry a 1.1‑mill levy if voters approve it.
City Manager Frank Nastasi summarized the package during the meeting, laying out a breakdown that totals about $137 million: roughly $75.9 million for a new library, $35 million for streets (including Coolidge and Wattles), $17 million for parks and recreation, and $10 million for public safety projects, including fire apparatus, body‑worn cameras and technology upgrades.
Why it matters: Council members and staff said the city’s capital fund has declined over time and that deferred maintenance across buildings, roads and parks has reached a level that requires a large, one‑time infusion of funds. Finance staff and council members repeatedly framed…
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