News
7:02 am
Fri May 17, 2013

Columbus To Put Bond Package Before Voters

Columbus voters will be asked to approve an 800 million dollar bond package this fall.

The money would cover the costs of road, sewer, building and other infrastructure projects. Four public meetings will be held next month to allow city leaders to hear residents' priorities for the funds.The city sets aside 25 percent of income tax revenues to finance the interest on the bonds. Voter approval gives the city the authority to levy more property taxes if the income tax set-aside is not sufficient to pay the debt. The last bond package was approved by voters in 2008.