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City staff outline $335 million 2026 GO bond package; council asks for separate votes on performing arts and botanical gardens
Summary
Management services staff presented a draft $335 million general obligation bond package for May 2026 covering streets (~$210M), public safety (~$87M) and community projects (~$39M). Council asked that the performing arts center and botanical garden be listed as separate ballot items and probed tax-rate and inflation assumptions.
Management Services Director Talvo presented the city’s draft 2026 general obligation (GO) bond package and a timeline for the May election, telling the council the proposed package totals approximately $335,000,000 across three categories: streets (~$210,000,000), public safety (~$87,000,000) and community projects (~$39,000,000).
“Individually, for each of these categories, this will impact the property tax rate,” Talvo said, describing an estimated 2.5¢ per $100 valuation for streets, a little over 1¢ for public safety and a little under half a cent for community projects…
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