SPOKANE — Spokane leaders have announced a refinancing package to fix streets and renovate Riverfront Park likely to go before voters in November.
Mayor David Condon and Council President Ben Stuckart said Monday the tax measures won’t cost taxpayers more than they’re already paying.
The Spokesman-Review reported the key to the plan is using new money to retire old debt while taking advantage of more favorable interest rates and a long-term property tax levy.
If approved by voters, Condon said it would create about $60 million to renovate Riverfront Park and $25 million a year for Spokane’s streets.
The City Council will decide whether to send the plan to voters. They also are likely to see a separate $45 million Spokane County parks measure on the fall ballot.
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Information from: The Spokesman-Review, http://www.spokesman.com
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