Are there any associated operating costs that will impact the Citys annual budget because of bond program projects?
Yes. Operational impacts will occur from library projects (two new branch libraries) and from a variety of parks projects. Currently, it is estimated (in todays dollars) that the annual impact once all impacting library and park projects are completed will be over $3 million. There will be minimal to no additional annual operating impact costs from street, bridge, sidewalk, drainage and public health facility projects.
Related Questions
- Are there any associated operating costs that will impact the Citys annual budget because of bond program projects?
- What kind of impact will the bond have on the operating budget in terms of the potential need for additional staff?
- What impact would State-enacted property tax growth caps have on the Citys ability to finance the bond program?
