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New Orleans, Louisiana, Bond Proposition (November 2019)
| New Orleans Bond Proposition |
|---|
|
| The basics |
| Election date: |
| November 16, 2019 |
| Status: |
 Approved
|
| Topic: |
| City bonds |
| Related articles |
| City bonds on the ballot November 16, 2019 ballot measures in Louisiana Orleans Parish, Louisiana ballot measures |
| See also |
| New Orleans, Louisiana |
A bond issue was on the ballot for New Orleans voters in Orleans Parish, Louisiana, on November 16, 2019. It was approved.
| A yes vote was a vote in favor of authorizing the city to issue up to $500 million in bonds to fund infrastructure improvements, public buildings, affordable housing, recreational facilities, public safety equipment, and all necessary land and equipment for said improvements. |
| A no vote was a vote against authorizing the city to issue up to $500 million in bonds to fund infrastructure improvements, public buildings, affordable housing, recreational facilities, public safety equipment, and all necessary land and equipment for said improvements. |
Election results
|
New Orleans, Louisiana, Bond Proposition (November 2019) |
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|---|---|---|---|---|
| Result | Votes | Percentage | ||
|
|
76,792 | 65.54% | ||
| No | 40,373 | 34.46% | ||
Text of measure
Ballot question
The ballot question was as follows:[1]
| “ |
Shall the City of New Orleans, Louisiana (the "City"), incur debt and issue up to $500,000,000 of bonds, in multiple series, each series to run not exceeding thirty (30) years from the date thereof and bearing interest at a rate not exceeding eight percent (8.00%) per annum, for the purpose Of making capital improvements in the City permitted by the City's Home Rule Charter, including constructing, renovating, acquiring, and/or improving (i) roads, streets and bridges; (ii) public buildings, affordable housing facilities, libraries, and parks and recreational facilities; (iii) surface and subsurface drainage systems and stormwater management facilities; and (iv) public safety equipment, including acquiring all necessary land, equipment and furnishings for each of the foregoing, which bonds will be general obligations of the City, payable from ad valorem taxes to be levied and collected in the manner provided by Article VI, Section 33 Of the Constitution of the State of Louisiana of 1974 and statutory authority supplemental thereto, with no estimated increase in the millage rate to be levied in the first year above the 22.5 mills currently being levied to pay General Obligation Bonds of the City?[2] |
” |
Full text
The full text of the measure is available here.
Support
- New Orleans Mayor LaToya Cantrell (D)
Arguments
- New Orleans Mayor LaToya Cantrell (D) said, "This breakdown of how funds would be used demonstrates our commitment to invest in maintenance and repairs of our aging infrastructure. This is too important to kick the can down the road. The City is taking steps to ensure we can maintain what we have, and build what we need – from affordable housing to road repairs – this is the most fiscally responsible way to use our bond and millage revenue to set ourselves up for success."[3]
- Ramsey Green, Deputy CAO for Infrastructure, said, "The Cantrell Administration is focused on understanding the causes and measures to prevent our city’s flooding and addressing the issues in our drainage system. That is precisely why we are not only making historic infrastructure improvements with our Joint Infrastructure Program, but also committing substantial dollars toward drainage and storm water management and to maintaining our upgrades. Our infrastructure improvements contributed in significant part to the city’s recent credit upgrade from Moody’s."[3]
- The Mayor's Office news post regarding the measure listed the following as benefits and goals of the bond issue:[3]
| “ |
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” |
Opposition
Ballotpedia did not identify organizations or individuals opposing the measure. If you are aware of any opponents or opposing arguments, please send an email with a link to editor@ballotpedia.org.
Path to the ballot
This measure was put on the ballot through a vote of the New Orleans City Council on July 25, 2019.
See also
External links
Footnotes
- ↑ New Orleans City Council, "Resolution No. 19-285" accessed September 9, 2019
- ↑ 2.0 2.1 Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ 3.0 3.1 3.2 City of New Orleans, "CITY UPDATES RESIDENTS ON SPENDING PRIORITIES FOR $500M BOND SALE AND 3 MILL MAINTENANCE PROPOSITION," accessed November 12, 2019
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