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Tuesday, Feb. 13, 2018.
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Bonds encourage investment in the City. The City hires bond analysts who determine the value of the bonds that we can sell within a safe margin. We will issue bonds valued up to a certain amount, as approved by voters, and those bonds will be purchased by investors. The analysts will monitor the market and conduct the sale of the bonds.The investors who purchase the bonds earn tax-free interest on their investment. Each year, we pay the principal and the interest on the bond debt, and that interest goes to the investors. When we retire the bonds, we pay the investors back the face value of the bond.
Most of you voted in support of the 2012 bond authorization, and thanks to your support, we were able to:
Thanks to the 2004 and 2006 Bond Programs approved by Springdale voters, we were able to:
The building of these three major east-west corridors has increased residential and commercial developments and has helped eased traffic congestion.
There were multiple ballot measures related to the bond authorization. Please click the ballot items for more information.
Note: The "1% Sales and Use Tax" at the end of each ballot item is not a tax increase. It is an authorization to continue the current 1% sales and use tax that was levied in 2003 and continued in 2006 as approved by Springdale voters.
If you have any questions about finances related to the bond program, please contact the Director of Administration & Finance Wyman Morgan at email@example.com. For information about projects included in the bond, please email firstname.lastname@example.org.
We will have public meetings in the future to discuss projects related to the bonds. Follow us on social media or sign up through NotifyMe® on our website to be notified of public meetings. To find your City Council representatives, please click here.
The ballot items were approved by Springdale voters in February 2018. We sold the bonds in May, and retired the 2006 bonds in July. The majority of the money has to be obligated within three years; however, not all of the projects must be complete.
A total of about $200 million in bonds will be sold, if approved by Springdale voters. It will be allocated as follows:
Click here to learn more about these individual bond categories.
No. The bond issue will simply continue the current 1% sales and use tax that was levied in 2003 and continued in 2006 as approved by Springdale voters.
For more information about voting, please contact your county election commission. More information can be found on our Voter Information page.
To learn more about the infrastructure projects that will be included with this bond issue, please click here.
Ultimately the Mayor and City Council will make the final decision. You're encouraged to attend public meetings and give input on proposed projects. For a list of public meetings for 2018, please see our City calendar. You can also follow us on social media or sign up through NotifyMe® on our website to be notified of public meetings.
Yes. We previously held public input sessions to discuss the future Shaw Family Park, North 56th St. (to be renamed Gene George Boulevard), the Criminal Justice and Civic Complex, Animal Shelter, and potential street improvement projects.
You're encouraged to attend public meetings and give input on proposed projects. For a list of public meetings for 2018, please see our City calendar. You can also follow us on social media or sign up through NotifyMe® on our website to be notified of public meetings.
The special election for the 2018 Bond Program is over. Here is general information regarding voting in Springdale:
You can vote at any polling place in Springdale. Both Washington and Benton county allow voters to vote at any polling place in the county. For a full list of polling places, please contact the City Clerk's Office at 750-8518. You can also contact your county election commission. For more information, please visit our voter information page.