Columbus, Ohio, Issue 11, Neighborhood Development Bond Issue (May 2019)
From Ballotpedia
| Issue 11: Columbus Neighborhood Development Bond Issue |
|---|
|
| The basics |
| Election date: |
| May 7, 2019 |
| Status: |
 Approved
|
| Topic: |
| City bonds |
| Related articles |
| City bonds on the ballot May 7, 2019 ballot measures in Ohio Franklin County, Ohio ballot measures |
| See also |
| Columbus, Ohio |
A bond issue designed to fund neighborhood development was on the ballot for Columbus voters in Franklin County, Ohio, on May 7, 2019. It was approved.
| A yes vote was a vote in favor of authorizing the city to issue bonds in the amount of $50 million at a tax rate of $0.24 per $1,000 in property value to fund neighborhood development projects. |
| A no vote was a vote against authorizing the city to issue bonds in the amount of $50 million to fund neighborhood development projects. |
Election results
|
Columbus Issue 11 |
||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
|
|
24,332 | 73.62% | ||
| No | 8,720 | 26.38% | ||
Text of measure
Ballot question
The ballot question was as follows:[1]
| “ | Shall bonds be issued by the City of Columbus, Ohio for the purpose of promoting neighborhood and community development and affordable housing within the City of Columbus by purchasing, constructing, demolishing, renovating, improving, equipping and furnishing residential and commercial structures in the City, and acquiring, clearing, testing, remediating environmental issues, extending utilities, and otherwise improving residential and commercial sites in the City, and providing funds for grants in connection with the same in the principal amount of $50,000,000, to be repaid annually over a maximum period of 20 years, and an annual levy of property taxes be made outside of the ten-mill limitation, estimated by the county auditor to average over the repayment period of the bond issue 0.24 mills for each one dollar of tax valuation, which amounts to $0.024 for each one hundred dollars of tax valuation, commencing in 2019, first due in calendar year 2020, to pay the annual debt charges on the bonds, and to pay debt charges on any notes issued in anticipation of those bonds?[2] | ” |
Full text
The full text of the measure is available here.
Path to the ballot
This measure was put on the ballot through a unanimous vote of the Columbus City Council on January 28, 2019.[3]
See also
External links
Footnotes
- ↑ Franklin County Board of Elections, "Sample Ballot," accessed April 4, 2019
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ City of Columbus, "Resolution," accessed April 4, 2019
| ||||||||||
