Raleigh City Council considering $91.7M parks bond
Posted June 12, 2014
Raleigh, N.C. — While the amount hasn’t been finalized, Raleigh City Councilors are leaning toward a $91.7 million parks bond for the November ballot.
During Tuesday’s regular meeting, Councilors were presented three options of varying costs, with the lowest being $58.8 million, the next $74.7 million and a fully funded scenario at $91.7 million. Councilors will finalize the bond amount at their next meeting June 17.
Councilor Bonner Gaylord asked that staff also bring with them more information about Falls Whitewater Park and how that could fit into the plan.
All of the current scenarios focus on funding deferred maintenance and making long-needed improvements.
None of the options include funding for Dix Park.
Improvements for Moore Square were originally considered as part of the potential project list, but were pulled when Councilors decided to use general obligation bonds for funding.
The most expensive scenario would require about $1.4 million in annual operating costs for a total tax increase of 1.72 cents.
Read the full story at raleighpublicrecord.org.
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