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On Tuesday, November 7, Springfield voters will have the opportunity to renew the City of Springfield Level Property Tax. The Chamber Board of Directors voted to endorse the proposal and encourages Chamber members who live in the City of Springfield to vote “YES” on Question 1.
Question 1 will ask voters whether or not to continue the current Level Property Tax (LPT), which is 27 cents per $100 assessed value (19% of appraised residential property value; 32% of appraised commercial property value), to fund high-priority public improvements for public safety, stormwater management and City facilities. It is estimated the LPT will generate approximately $8.5 million per year.
The Chamber board determined that the proposal meets a currently unfunded need and contains specificity and detail regarding the cost of proposed projects and related staffing/operations; the board also feels there are accountability measures appropriate to the proposal.
Continuing the Level Property Tax will:
Several accountability measures are in place regarding the Level Property Tax, as well:
Also on the November ballot
Also on the November 7 ballot, Greene County has proposed a new 1/2 cent general revenue sales tax. The County’s need for revenue to address jail capacity and challenges with the criminal justice system is well known.
For information from the County regarding its new 1/2 cent general revenue sales tax proposal, click here. To see funding commitments for the tax proposal legislated by the County on October 2, click here.