APRIL 17, 2013

Scottsdale voters to decide on $212 million in bond projects Nov. 5

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Scottsdale voters will go to the polls Nov. 5 to consider funding a $212 million bond program. The City Council voted Tuesday to set the election and place four bond questions on the ballot, based on recommendations from a citizens’ Bond Task Force.

The bonds would be used by Scottsdale to pay for improvements to parks, roadways, storm drains, public safety facilities and other city infrastructure projects.

The last successful bond election in Scottsdale took place in the year 2004. Scottsdale voters turned down bond questions on transportation and public safety in 2010.

The Nov. 5 Special Election will include these questions, based on the plan approved Tuesday:
Question1: Parks, Libraries and Community Facilities ($50.4 million in projects)
Question 2: Public Safety ($43.7 million in projects)
Question 3: Neighborhood Flood Control ($19.0 million in projects)
Question 4: Transportation and Streets ($99.0 million in projects)

More information on the questions and the projects they include is available at www.scottsdaleaz.gov/bondtaskforce.

A draft list of projects was compiled by the Bond Task Force during an 18-month research and outreach process. The Task Force made its recommendations to the City Council in February. The Council refined the list last month and voted Tuesday to set the Nov. 5 election.

General obligation (GO) bonds may be issued only after a majority of citizens have voted to authorize the sale or issuance of the bonds.  Because of the voter approval, GO bonds are secured with the full faith, credit and taxing (property taxes) power of the city. For more information on bonds, visit: www.scottsdaleaz.gov/finance/bondsb.

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