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City of Tacoma Responds to Failure of Prop 1
The City of Tacoma has issued an official response to the failure of Prop 1 in yesterday's election. See if you can make any sense of it.
City Response to Proposition 1 General Election Outcome
Yesterday, Tacoma voters did not approve a City-backed ballot measure to levy an additional 2 percent tax on natural gas, electric and phone company earnings for the purpose of funding Tacoma-wide neighborhood streets and safety improvements.
Tacoma City Manager T.C. Broadnax issued a statement regarding the result, “While I am disappointed in the outcome of the vote on Proposition 1, it will not discourage me from continuing to pursue a sustainable revenue source to fund the much needed street improvements and safety upgrades the residents of Tacoma deserve.
“I firmly believe well maintained infrastructure is critical to the quality of life, health, safety and economic vitality of a city and often makes the difference in whether or not a person or business chooses to live or invest in a community,” said Broadnax.
Pierce County reported 22,856 Tacoma residents having voted on this issue.
There is, however, one silver lining for streets infrastructure. In September, City Council passed an ordinance to earmark utility company earnings tax revenues above 6 percent for any of utilities levied at the 8 percent rate (water, wastewater, surface water, solid waste, cable TV and rail) into a new fund starting Jan. 1, 2014. The new fund will solely handle revenue collections and expenditures related to street improvements.
Currently, 31 percent of the Street Operations and Engineering budget is restricted and dedicated for street improvements. Once this ordinance takes effect, more than 70 percent of the total budget will be dedicated for street improvements, ensuring that funding for street improvements is maintained at least to this level into the future.
It sounds like the good news for our roads is that at least some existing funding sources have been earmarked for street improvements going forward...
Now, does someone want to take a stab at explaining that last little bit to the class? Who's good at percentages?
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