November 2, 2010
"No Tax Increase"
General Obligation Bond Election
Election Results - Past GO Bond Projects
"Continuing to build our City...one piece at a time"
On November 2, 2010, Lee’s Summit voters approved approximately $37.4 million in general obligation bonds to fund public safety improvements, sidewalks and curbs, and new road construction. These projects are important to the operations of our Police and Fire departments, the continued maintenance of our neighborhoods, and the planned growth of our community. These projects were grouped into four specific questions.
November 2010 GO Bond
GO Bond Informational Flyer - Payable Debt Schedule
What is a “No Tax Increase” Bond Issue
A "No Tax Increase" Bond Issue is made possible when existing bond issues are paid off. As the debt decreases, the City can issue new bonds, with voter approval, and pay them off over time within the current property tax levy. Thus, there is no need to increase the current property tax levy to pay the debt. The current property tax levy for the City is $1.4926 per $100 of assessed value of which $0.4697 is for debt service. The debt levy will not change if the four proposed questions for the 2010 “No Tax Increase” Bond Issue are approved.
2009 Property Tax Levy by Taxing District
View a complete listing of the tax breakdown and the payable debt schedule.
The City's current debt levy is .4697 per $100 of assessed value.
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Proposed "No Tax Increase"
General Obligation Bond Projects
"Continuing to build our City...one piece at a time"
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Question 1
- Emergency Services Radio
- Police Facility Improvements:
- Indoor Firearm Training
- Training & Meeting Space
- Increased Storage
- Expand/Redesign Detention area
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$10,000,000 |
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Question 2
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$11,860,000 |
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Question 3
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$4,675,000 |
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Question 4
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$10,870,000 |
| Total Proposed GO Bond Projects: |
$37,405,000 |