Vote YES For Streets

/Vote YES For Streets
Vote YES For Streets 2018-04-09T09:49:58+00:00

Improving Omaha’s Streets

While the bulk of street resurfacing projets do not fall under the definition of a capital improvement and are instead included in the annual budget for City Street Maintenance, the City’s street resurfacing program is a vital component of the City’s overall transportation program and is critical for extending the life of the pavement base structure before total reconstruction becomes necessary, thus preventing or postponing the need for larger, more expensive capital projects. Each year from 2013 to 2017 has seen an increase in the budget for street resurfacing, from $6.6 million in 2013 to over $15.8 million in 2017.

Recently completed transportation projects reflect a balanced program that is intended to provide efficient and equitable levels of service throughout the community. Improvements in the western half of the city are typically designed to help meet the increased transportation needs that have resulted from rapid growth. In order to meet increasing traffic volumes and to improve traffic safety, transportation projects are generally designed to increase the road network’s capacity by widening existing streets or constructing new streets. Improvements in the eastern portion of the city are designed to replace or rehabilitate pavement and structures that have exceeded their useful life and to enhance the safety and functionality of streets for all users.

Vote YES for this bond on the ballot May 15:

SHALL THE CITY OF OMAHA BE AUTHORIZED TO ISSUE AND SELL GENERAL OBLIGATION BONDS IN THE AMOUNT OF ONE HUNDRED AND FIFTY-ONE MILLION THREE HUNDRED THOUSAND AND NO/100 DOLLARS ($151,300,000) FOR THE PURPOSE OF PROVIDING FUNDS FOR PAYMENT OF THE COST OF STREETS, HIGHWAYS, AND BRIDGES. THE APPROXIMATE COST TO THE TAXPAYERS OF THE CITY OF OMAHA IF THIS PROPOSAL IS APPROVED TO BE ONE HUNDRED AND FIFTY-ONE MILLION THREE HUNDRED THOUSAND AND NO/100 DOLLARS ($151,300,000) PLUS INTEREST PAYABLE ON SAID BONDS TO BE PAID FROM THE FUND FOR PRINCIPAL AND INTEREST PAYMENTS ON THE INDEBTEDNESS OF THE CITY OF OMAHA AS PROPOSED IN THE NOTICE OF ELECTION WHICH ALSO PROVIDES THAT THE APPROVAL OF THIS BOND ISSUE WILL NOT INCUR ANY INCREASES IN THE PROPERTY TAX LEVY RATE OF THE CITY OF OMAHA.

For a list of projects that may be funded by these bonds, visit the City of Omaha Planning Department’s Capital Improvement Program website.