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What the propositions say (Props. 4-6)

Friday, October 28, 2005 | 12:00 a.m. CDT; updated 12:43 p.m. CDT, Monday, July 21, 2008

PROPOSITION 4

Sales tax extension for streets and sidewalks

Shall the municipality of Columbia, Missouri, impose a sales tax of one-fourth of one percent, for a period of seven years, for the purpose of funding capital improvements which may include the retirement of debt under previously authorized bonded indebtedness?*

This sales tax would continue the existing capital improvements sales tax scheduled to expire on December 31, 2005. The City intends to use this sales tax to improve major city streets to relieve traffic congestion, and sidewalk improvements to provide safe routes to schools and improve accessibility in the downtown area for persons with disabilities.

*This language is required by state law. The City does not intend to use sales tax funds to retire debt under previously authorized bonded indebtedness.

PROPOSITION 5

Sales tax extension for streets and sidewalks

Shall the municipality of Columbia, Missouri, impose a sales tax of one-eighth of one percent, for a period of ten years, for the purpose of funding capital improvements which may include the retirement of debt under previously authorized bonded indebtedness?*

This sales tax would be in addition to the existing capital improvements sales tax. The City intends to use this sales tax to fund street and sidewalk projects to improve major city streets to relieve traffic congestion, and sidewalk improvements to provide safe route to schools and improve accessibility in the downtown area for persons with disabilities.

*This language is required by state law. The City does not intend to use sales tax funds to retire debt under previously authorized bonded indebtedness.

PROPOSITION 6

DEVELOPMENT CHARGE INCREASE

Shall the City of Columbia, Missouri, increase the development charge for arterial and collector street construction from ten cents to fifty cents per square foot of total floor area of new construction? The increase would be phased in over five years.

WHAT THEY MEAN

The Columbia City Council wants voters to extend an existing quarter-cent capital improvements sales tax for seven years (Proposition 4) and to approve an additional eighth-cent sales tax that would be in place for 10 years (Proposition 5). Both would pay for street and sidewalk projects. It also wants to gradually increase the fee it charges on new development from 10 cents per square foot to 50 cents per square foot over five years (Proposition 6). The charge is projected to rise to 15 cents for two years, to 25 cents the next two years, then to 50 cents, a rate officials plan to maintain for five years. Development charge proceeds would be spent on arterial and collector streets.

Proposition 4 would generate an estimated $35 million over seven years, Proposition 5 would generate an estimated $25 million over 10 years, and Proposition 6 would generate an estimated $19 million over 10 years.


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