Where does the money come from?

The proposal has two elements.  General Obligation bonds to be authorized by the voters, AND a new 0.75% sales tax for roads to be authorized by the voters.  

⇒The GO bonds to be authorized are currently estimated at $13 million.  The GO Bonds are paid for with your ad-valorem or property tax. The long-range plan would have the City returning to the voters sometime in the next 10-15 years to authorize additional GO bonds to be issued as the older GO bonds are paid off and to allow the City to keep investing in Choctaw roads. 

⇒Voters will also be asked to approve a three-quarters of one percent (0.75%) increase in sales tax, which means that for every $100 purchase in Choctaw, the sales tax increase will be 75 cents. That will increase the total sales tax rate in Choctaw to 9.5%. The increase will generate approximately an additional $1.1 million/year in revenue to fund the road improvement projects.  

The sales tax increase is permanent; the property tax increase is not.

Show All Answers

1. If there are reasons that can explain the City's cost projections of $3.2M / m vs ODOT's cost projections of $1.1M / m for road resurfacing and improvements, they should be shared...
2. Are there any examples of ODOT bids showing cost per road that justifies the City's projected cost per road?
3. Are there two questions? Must both pass?
4. What are the plans and timeline to re-pave Reno?
5. Are re-doing the culverts part of the plan for roads?
6. How much will it cost me?
7. There has been discussion of the money spent on the golf course - what are the facts that pertain to the golf course, city funds, and future plans?
8. How did the City come up with price of construction if final designs and drawings haven’t been completed?
9. Included in the resolution and ordinances are words “right of way" and "real property acquisition." Does this mean the city can use these funds to buy property not part of road repair?
10. Will the City Public Works Department be doing this work?
11. Were traffic counts factored in the scoring of Choctaw road conditions?
12. What is Better and Safer Roads?
13. Why were road core samples performed?
14. What if I'm not registered to vote in Choctaw?
15. I want to see a prioritized list of the roads to be repaired with start and completion dates.
16. What will this money go towards?
17. When will we start to see activity?
18. How does Choctaw's sales tax rate compare to other cities in the State?
19. Why shouldn't I just spend my money in a neighboring town that has a lower sales tax rate?
20. Is the funding provided by the bonds and sales tax increase solely dedicated to the roads project?
21. Where does the money come from?
22. What is the difference between repairing vs. reconstructing the roads?
23. Can the sales tax generated during the year cover the road reconstruction/repairs?
24. How were the projected costs of the roads calculated?
25. How will future roads be selected?