That’s the bad news.
The good news is that you will be getting a lot of bang for your buck.
|
|
The $6.07 a year for every $100,000 of tax assessment will be more than matched by the state, with the state promising to fund 70 percent of the projects, which will affect every school in the district.
According to the unofficial tallies, the school bond passed 4,400 to 3,286 — 57 percent to 43 percent, with a dismayingly low 14 percent of registered Borough voters casting ballots on the issue. It passed in 27 of the 34 precincts.
As for the road bonds, voters approved them by a slightly smaller margin, 4,334 to 3,450, with voters in 24 of the 34 precincts approving the measure.
Approving Proposition No. 2 will cost voters $15.89 for each $100,000 of assessed property values.
But here, too, there is a 70-percent silver lining.
According to the bond language, the Borough will not move forward on any one project unless the state first agrees to cover 70 percent of the project’s cost.
What that means, in the long term, is that for about the price of a modest lunch for four at your favorite local restaurant each year, we can look forward to the Valley’s road construction making some headway in catching up with its traffic congestion and for a modicum of added safety for our students while they are at school.
While some may bemoan that so few “no” voters went to the polls on Tuesday, we appreciate the farsightedness of those voters who approved the measures.
And voters in Big Lake, where both measures failed, and in Meadow Lakes, where the school measure failed, can take heart with the knowledge that their approval of the merging of the Big Lake and Meadow Lake fire service areas could reduce their home insurance costs in the future and give them the funds to pay the extra taxes they didn’t approve.

Comments
9 comment(s)don berry wrote on Oct 13, 2008 5:09 PM:
HMMMM... wrote on Oct 13, 2008 12:39 PM:
art wrote on Oct 13, 2008 5:13 AM:
frustrated wrote on Oct 12, 2008 11:05 PM:
g wrote on Oct 12, 2008 5:41 PM:
Disturbed by election results wrote on Oct 12, 2008 1:19 PM:
"FARSIGHTEDNESS?" I would hardly call committing to spending millions of dollars on ANYTHING, with the possible depression looming in our country, farsightedness.
RECKLESS might be a better term to define the results of our latest MSB election!
A number of "YES" voters, now realize they made a mistake. Keeping families fed, clothed, and warm, may soon be more important than bike paths and a short cut to shopping centers. "
Observer wrote on Oct 12, 2008 7:46 AM:
Are you Nuts wrote on Oct 12, 2008 12:59 AM:
What that means, in the long term ... Mr. or Ms. No Name, is that we will paying for this road bond each year for TWENTY YEARS! TWENTY YEARS! That is longer than the life expetency of many roads.
Swortz has HUGE long term transportation plans for new MSB roads. He WILL be asking for more road bonds in upcoming elections. Come to Borough meetings and you'll see. "
Are you NUTS wrote on Oct 11, 2008 10:31 PM:
This road bond tax increase is just the BEGINNING, just a drop in the BUCKET! MSB will keep wanting MORE and MORE drops from property owners. Are you going to VOTE "YES" for the next road bond package? What about the one after THAT?
Property owners need to STAND UP AND SHOUT "NO!" We need to DEMAND that MSB come up with a better way to pay for roads. "