By Garin Groff for The East Valley Tribune
Tempe is considering a nearly $30 million bond election this November to fund public safety, fix aging city buildings â€” 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, Tempeâ€™s finance and technology director. The bonds wonâ€™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 â€” 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.
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