Aug 14, 2012 at 8:21 am
ST. CLOUD, MN (KNSI) - The newly formed St. Cloud Transportation Infrastructure Advisory Board is recommending that the city council create a ballot question seeking approval for an 18-million dollar bond issue over the next four years.
The money would be used to pay for a backlog of road repair projects in the city. If approved, the bond issue would increase the city portion of property taxes by four-point-two percent.
That means the owner of a 200-thousand dollar home would see their property taxes go up 38-dollars a year. St. Cloud Mayor Dave Kleis has said the city is focusing on replacing aging infrastructure, rather than building new roads.
The city council will have to vote August 20th on whether to include the question on the November ballot. If approved by voters, city staff and the advisory board would come up with a priority list for what projects should be done, with construction starting next year.
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