Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Texarkana mayor urges approval of three-question streets and drainage bond; estimated $50 per $100,000 impact
Summary
City leaders outlined a three-question bond on the Nov. 18 ballot to refund prior street bonds and fund new street rehabilitation and drainage work; officials estimate roughly $25 million in initial proceeds, about $21 million for streets and $4 million for drainage, and a tax impact of about $50 per $100,000 assessed value.
The mayor of Texarkana, Arkansas, told residents the city will ask voters in November to approve a three-question streets and drainage bond package that leaders say is needed to address a roughly $6.5 million annual shortfall in maintaining roads and drainage.
The proposal puts three questions on the Nov. 18 ballot: Question 1 seeks roughly $2.4 million to refund outstanding 2012 street-improvement bonds; Question 2 would authorize about $41.9 million (commonly rounded to $42 million) for street rehabilitation; and Question 3 would authorize about $5.4 million for drainage projects, including dredging major creeks. The mayor said Question 1 must pass to free up 2.5 mills so the city can reach the statutory 5-mill limit that would enable the additional borrowing described in Questions 2 and 3.
City officials said the ballot figures are maximums based on what property-tax revenue could be over the next 10–20 years and that the initial issuance is…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
