Vote FOR the Columbus City Bond Issues on Tuesday, November 5, and you can help make Columbus a better place in which to work, live, and raise a family. Passage of the bond issues will invest in neighborhoods and strengthen the local economy by creating jobs and saving taxpayers millions of dollars – without raising taxes.
This will not result in a tax increase. Because the city operates from well-established, sound fiscal management practices and discipline, it has never violated its longstanding promise to the voter not to impose a property tax for debt service purposes. This promise has been kept over the course of 57 years.
By placing the issues on the ballot, the city is asking for voter approval to issue bonds. This is done because the city receives a lower interest rate on the bonds with voter approval. Investors purchasing city bonds have more confidence they will be repaid if voters have approved the debt issuance, and generally demand a lower interest rate.
Cheaper debt allows the city maximize its resources, resulting in more capital improvements. As a result, tax dollars are saved and we can invest more in neighborhoods.
Columbus is one of the few cities in America with a AAA credit rating by the three major rating agencies. One reason for this is that the city sets aside a quarter of every dollar of income tax collected for infrastructure investments.
This bond package would continue this practice of fiscal responsibility by saving the taxpayers millions.
On Tuesday, November 5, VOTE FOR ALL FOUR ISSUES: 1, 2, 3 & 4.
Your approval will not raise taxes.