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City staff outlines $6 million tax‑note plan: $4.5M streets, $1.2M ambulances, 3¢ tax‑rate illustration
Summary
City finance staff explained the previously approved plan to issue $6 million in tax notes to fund street improvements, ambulances and public‑safety vehicles; staff illustrated the estimated impact as a roughly 3¢ increase in the tax rate (about $100 annually for the average homestead).
City finance staff presented clarification on June 18 related to the city’s previously approved plan to issue $6 million in tax notes.
Rodrigo said the proceeds are planned to fund $4.5 million in street improvements, $1.2 million for two ambulances and equipment, and $300,000 for three public-safety vehicles and radios. The city has prepared a preliminary offering statement and engaged financial advisors, bond counsel and underwriters; the planned sale is scheduled for July.
Rodrigo estimated the additional debt service payment at about $985,000 annually and said the conservative projection equates to roughly a 3¢ increase in the tax rate. Using local valuations as an example, a property assessed at $100,000 would pay about $30 more per year (roughly $2.50 per month); the average homestead value cited was $338,000, which the presenter illustrated would increase taxes by about $100 per year (about $8.50 per month).
Rodrigo said the city’s estimate is conservative and the actual tax-rate impact could be less; staff will finalize numbers as the bond process proceeds and the sale date approaches. Council asked for clarification and staff said they would continue to update council and the public as the financing is finalized.
Notes: the council had previously approved resolution 2025‑05 to move forward with issuance; the June 18 discussion provided a detailed breakdown and tax-rate illustrations for residents.
