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  • Pima County Bond Advisory Committee recommends $653 million November bond vote

    Mar 13, 2015 | Read More News
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    The Pima County Bond Advisory Committee today voted to submit a $653.3 million bond package to the Board of Supervisors for consideration of a public vote in November. The Committee’s recommendations  will be transmitted to the supervisors along with additional information necessary for the supervisors’ consideration. Friday’s decision marked the culmination of years of work by the 25-member committee in which it considered hundreds of projects that totaled billions of dollars. The committee, which includes representatives from each of the cities and towns, as well as the Tohono O’odham Nation and Pascua Yaqui Tribe, held over a hundred public meetings, many standing room only.

    If the board agrees to submit the package to voters, and voters pass all or some of the bond propositions, they will authorize the borrowing of money to fund the projects that will be paid back through a secondary property tax. The Board of Supervisors has set a secondary property tax rate cap of 81.5 cents per $100 of assessed value for bonding so that county taxpayers have surety in their tax bills from year to year. This voluntary cap, along with other conservative debt management principles, limits the size of a potential bond package.

    Besides having to wade through the enormity of requests and projects to pare the list to an affordable number, the committee aimed to recommend a bond package that included projects all over the region.
    There are more than 90 projects on the recommended list, ranging in cost from $300,000 to $95 million. They included potential funding for libraries, parks, recreation centers, museums, theaters, historic buildings, natural area conservation, public health, flood control, neighborhood rehabilitation, worker training, affordable housing and economic development.

    If the supervisors agree to hold a bond election this year, the recommended projects will be packaged together in separate bond propositions. For instance, all of the parks projects likely will be in one bond proposition, while all of the museums and tourism projects packaged in another. Voters would vote on each proposition separately. If approved, the bonds are sold in increments over a period of about 10 years and the projects completed over a period of 10 to 12 years. If the supervisors OK a bond vote, the next step would be the drafting of a bond implementation plan ordinance detailing each of the projects, project costs, and scheduling. This ordinance would then be considered by the Board and made widely available prior to early voting.

    For a complete list of all the recommended projects and to view each recommended project’s details, go to www.pima.gov/bonds.