City Streets Update
Wilmington City
Council streets committee met on January 28 to develop a plan to
finance needed street repair.
The following items
and areas, in no particular order, were discussed.
The street
department chief stated that the cost to catch up on delayed repair
and maintenance could be as much as $1 million. He also mentioned
that the recent annexation of a deteriorating, two plus miles of
Airborne Rd. will be a major cost driver.
The service director
said that the state will pave Truesdell (SR730) in 2016 but that
engineering and matching funds would obligate the city for more than
a $200,000 contribution. The sidewalk from Randolph St. and Holmes
school will be a part of the that project but will not add to the
cost.
The Mayor suggested
a ¼% or more earnings tax increase that would generate, at least, an
estimated $1 million. He also mentioned that after needed repairs
were paid for, the excess revenue could be used for other city needs.
At the meeting this
poster suggested that a 2 mill dedicated property tax would generate
$450,000 per year. That revenue could then be leveraged for a bond to
complete the needed catch up repairs and then used to finance a
cyclic maintenance schedule.
Members of the
committee made comments concerning the public's willingness to vote
for any tax increase.
The city treasurer
opined that since he didn't pay income tax he would support the
income tax option but he didn't think the voters would approve any
tax increase. A member of the committee stated that his contacts have
indicated they would not vote for a levy. Another member wanted to
use the budget carryover to finance at least a part of the repair
costs.
Noting that the no
one knew for certain if the voters would vote for any new tax or
which form of tax they might approve this poster made this
suggestion. The Wilmington College business department is willing to
conduct a voter survey to get a sense of the public's attitude. This
concept worked well for the curbside recycling project.
The meeting
adjourned with the agreed up decision to hold a special council
meeting to further expore the the issues
Paul Hunter
paulhunter465177@gmail.com
No comments:
Post a Comment