Friday, October 10, 2008

Is beauty worth $87 million?

Is beauty worth $87 million? How much would you pay to improve roads and develop park lands? If you believe in beautifying a city, how would you propose financing such a venture? The following summary of an article I read in the Austin American Statesman (http://www.statesman.com/news/content/news/stories/local/10/09/1009georgetownbond.html) will reveal how Georgetown is attempting to further develop and adorn their city.
On the November 4th ballot, citizens will find an $87 million bond, consisting of two propositions, that would create a large new park, restore existing park buildings, and expand roads. One proposition, for road projects, will cost $44.2 million. Parks and recreation projects, the other proposition, will cost $36.5 million. Issuing the bonds will cost $6.3 million. The mayor, George Garver, thinks the bond propositions will pass considering recent surveys reveal that citizens believe the improvements will better their city. The bonds will be funded through higher property taxes, ranging from a 3 cent to an 8 cent increase annually.
I believe it is important for readers, particularly Georgetown inhabitants, to read this article to be better informed about local news. By ignoring current events, people are in jeopardy of undergoing critical changes that might have been prevented.
Personally, I like the idea behind the bond. Cities will continue to require some form of restoration and improvement. But I think the city officers ought to find a different way to fund such projects. By being uneducated about this bond, Georgetown citizens may end up paying higher property taxes and not even know why.

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