New tax plan for Spokane streets, Riverfront Park

New tax plan for Spokane streets, Riverfront Park

New tax plan for Spokane streets, Riverfront Park

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by Associated Press

KREM.com

Posted on April 30, 2014 at 6:32 AM

Updated Wednesday, Apr 30 at 6:35 AM

SPOKANE, Wash. (AP) -- 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.
 
Other media outlets report 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.
 

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