Detroit, Michigan, Proposal N, Blight Remediation Bond Measure (November 2020)
From Ballotpedia
| Detroit Proposal N | |
|---|---|
 | |
| Election date November 3, 2020 | |
| Topic City bonds | |
Status Approved | |
| Type Referral | Origin Lawmakers |
Detroit Proposal N was on the ballot as a referral in Detroit on November 3, 2020. It was approved.
A “yes” vote supported authorizing the city to issue $250 million in bonds for property rehabilitation, demolition, and other blight remediation activities. |
A “no” vote opposed authorizing the city to issue $250 million in bonds for property rehabilitation, demolition, and other blight remediation activities. |
Election results
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Detroit Proposal N |
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|---|---|---|---|---|
| Result | Votes | Percentage | ||
|
|
159,590 | 70.36% | ||
| No | 67,232 | 29.64% | ||
Text of measure
Ballot title
The ballot title for Proposal N was as follows:
| “ | Shall the City of Detroit issue bonds in an amount of not more than $250,000,000 for the purpose of paying the cost of neighborhood improvements in the City through property rehabilitation, demolition and other blight remediation activities? The bonds will be payable from taxes the City is allowed to levy in addition to state statutory and City Charter limits. | ” |
Ballot summary
The ballot summary for this measure was:
| “ | The total debt millage required to retire this proposed bond issue and all voted bonds of the City is estimated to remain at or below the debt millage levied by the City in 2020. If approved, the estimated millage to be levied in 2021 for the proposed bonds is 3.114 mills ($3.114 per $1,000 of taxable value) and the estimated simple average annual millage rate required to retire the proposed bonds is 2.665 mills ($2.665 per $1,000 of taxable value). Each series of the bonds shall be payable in not more than 30 years from its date of issuance. | ” |
Path to the ballot
This measure was put on the ballot through a vote of the governing body of Detroit.
See also
External links
Footnotes
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