City Seeks Neighborhood Input on 2013 Voted Bond Package
MEDIA RELEASE
For Immediate Release
May 16, 2013
For
More Information:
John Ivanic, City Council, (614) 645-6798
Dan Williamson, Mayor's Office, (614) 645-5300
Web – Facebook
– Twitter
City Seeks Neighborhood Input on 2013 Voted Bond Package
Four Community Meetings Scheduled for June
Mayor Michael B. Coleman, City Council President Andrew J.Ginther and City Auditor Hugh J. Dorrian will serve as co-chairs of a committee
to place a voted bond package on the November 5th ballot. In preparation, the
committee has scheduled four community meetings to discuss the city’s proposed
five-year Capital Improvements Program and gather input from residents about
infrastructure needs in their neighborhoods.
“Columbus has emerged as the best city for jobs in the
entire Midwest because we never stopped investing in our infrastructure, even
during tough times,” Mayor Coleman said. “We were able to do that because our
voters have always supported our bond packages, allowing us to maximize our
capital dollars. We will need voter support again this year in order to
continue our tremendous momentum.”
The meetings are scheduled for:
- June 4 at
Marion Franklin Community Center, 2801 Lockbourne Rd.
- June 5 at
Whetstone Community Center, 3923 N. High St.
- June 11 at
Barnett Community Center, 1184 Barnett Rd.
- June 13 at
Westgate Shelterhouse, 3271 Wicklow Rd.
Each meeting will last from 6 to 8 pm and will feature
members of City Council and representatives from city departments.
“The proposed bond package will not only allow the city to
continue our investment in neighborhoods and improve delivery of city services,
it saves taxpayer dollars and drives economic development that creates jobs,”
Council President Ginther said. “By issuing bonds, we lower the cost of
infrastructure improvements, allowing us to do more with less, all without
raising taxes.”
A voted bond package allows the city to make the best use of
existing resources to build and maintain infrastructure, facilities and
equipment. Approval of the bond package would not result in a tax increase.
Rather, it would allow the city to maximize its resources by financing
neighborhood projects at lower interest rates. The City of Columbus is the
largest city in the United States to earn AAA credit ratings from all three
major rating agencies. That rating, combined with voter approval, increases
investor confidence, thus allowing the city to finance more projects with fewer
dollars and no new taxes.
“Columbus voters have demonstrated their keen understanding
of the financial savings in granting their approval to the city's bond package
requests,” Auditor Dorrian said. “Columbus voters have approved every bond
package the city has put before them for nearly three decades now and continue
to benefit from their prudent approvals. I encourage our Columbus voters to
join us, once again, in giving the city the tools to meet its infrastructure
needs in a cost efficient manner.”
The last Columbus bond package was approved by city voters
in November of 2008.
-30-