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Varney says $300 million bond, $3 million savings will fund playgrounds, sidewalks, parts of two fire stations
Summary
In a League of Women Voters interview, Councilor Mickey Varney said the city is in phase two of a three-phase 2022 infrastructure bond (described as $300 million) and reported an additional $3,000,000 in bond savings; he also discussed pressures on the general fund and the use of levies.
Councilor Mickey Varney said Salem is in the second phase of the 2022 infrastructure bond and described the measure as a three-phase, $300,000,000 program that funds streets, sidewalks, parks and portions of civic facilities.
“...this next phase is the second of 3 phases of the $300,000,000 bond,” Varney said, and added that the city recently secured financing that produced an additional bond savings of about $3,000,000.
Varney nam…
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