News Ticker

Tempe Considers $30M Bond for Public Safety, New Dam

By Garin Groff for The East Valley Tribune

Photo Credit: Tim Hacker / Arizona Tribune

Tempe is considering a nearly $30 million bond election this November to fund public safety, fix aging city buildings — and possibly to help replace the rubber dam at Town Lake.

The $29.8 million bond proposal is a fraction of the previous three packages that voters approved in the last decade, including a $241.3 million program in 2008. The city is considering a modest bond package because of the slow economy, said Ken Jones, Tempe’s finance and technology director. The bonds won’t fund any new projects, he said.

If voters approve the bonds, property taxes will remain about the same, Jones said.

The package includes $6.4 million for public safety, which would buy new radios and laptops for firefighters and police. About $12.9 million would replace roofs, air conditioning and other aging features of city buildings.

Tempe is considering a $10.5 million bond for parks — which could pay for some of the $37.5 million project to replace the rubber dam with hydraulically operated steel hinged gates. The city has funding for about two-thirds of the new dam and considers the $10.5 million bond a backup funding source should its preferred effort fall through.

Read more at East Valley Tribune