Contract with Voters 2015
A Contract with the Voters as part of the 2015 Transportation Bond Election provides guidelines for the maximum property tax impact as a result of bond debt for a given year and over the term of all bond issuances. The City will manage debt issuances to stay within these per year and overall maximums.
Property tax rate increase from bonds
- Maximum 2 cents per year
- Maximum 10 cents cumulatively
First-year tax impact for average homeowner: $31*
Cumulative impact for average homeowner: $252*
*Average home value: $210,000. Tax impact analysis subject to change based on future values, market conditions, and other factors.