To finance a program of local highway, street and road improvements to enhance the efficient and safe transport of people and goods throughout Snohomish County, shall Snohomish County issue $345,000,000 of general obligation bonds, maturing within a maximum of 10 years, and be authorized to levy property taxes annually in excess of regular taxes to repay such bonds, all as provided in County Ordinance No. 98-041?
Proposition 1 is designed to raise $345 million dollars through general obligation bonds, using property taxes to repay those bonds. The improvements are in step with state and regional plans. At least 60% of the people must vote yes for this proposition to pass. If the proposition passes, property taxes would increase by about 85cent per $1,000 of assessed value for the next 10 years. That's $85 a year for a $100,000 house.
- Summary of Arguments FOR ASCENT 21 Proposition 1:
- By 2005, Snohomish County's population is expected to be about double what it was in 1985. Roads are already congested, and will get much worse if something isn't done.
Local governments don't now have the money to pay for these road projects.
- Summary of Arguments AGAINST ASCENT 21 Proposition 1:
- It's impossible to build enough roads to meet our rapid growth. Improving public transit is a better way to deal with traffic problems, and will be less harmful to the environment.
Developers haven't paid their share to fix problems they created, and now they want the taxpayer to pay.
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