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Measure T issues $650M for emergency preparedness
Published on 10/12/18, 10:00 AM
If the measure passes, at least $300M would be used to repave streets and potholes.
What’s the sitch?
Measure T would issue $650M in general obligation bonds to:
For Measure T, SJ would pay $34M a year for the next 40 years by increasing property taxes by 11¢ for every $1,000 of assessed property value. So, for example, the owner of a $1M home would pay an extra $110 in taxes every year.
- Upgrade emergency and disaster response (i.e. improve 911 communications along with police, fire, and paramedic facilities)
- Repair deteriorating bridges that are vulnerable to earthquakes
- Repave neighborhood streets and potholes
- Prevent flooding and water contamination by acquiring open space in Coyote Valley
- Fund other critical infrastructure projects
For Measure T, SJ would pay $34M a year for the next 40 years by increasing property taxes by 11¢ for every $1,000 of assessed property value. So, for example, the owner of a $1M home would pay an extra $110 in taxes every year.
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Is this necessary?
Well, San José has about $1.4B in backlogged infrastructure projects 😱. Supporters of Measure S, such as Mayor Sam Liccardo, the Sierra Club, and La Raza Roundtable de California, say it's the result of decades of underinvestment. On the list of repairs is a 70-year-old storm sewer system, which includes 32K storm drains, and 1,000 miles of pipes, which would prevent flooding. Proponents also say the $300M dedicated to repairing roads and potholes will also make the city safer for residents.
Opponents, including the Silicon Valley Taxpayers Association and Libertarian Party of Santa Clara County, say the bond measure will cost SJ $1.1 billion with interest. They also argue that due to SJ's policy of requiring contractors to sign a "project labor agreement" with unions to work on most bond-funded infrastructure projects, it prevents local contractors to bid on potential Measure T projects. Critics are crying discrimination, which is enough reason for them to vote "No" on the measure.
Opponents, including the Silicon Valley Taxpayers Association and Libertarian Party of Santa Clara County, say the bond measure will cost SJ $1.1 billion with interest. They also argue that due to SJ's policy of requiring contractors to sign a "project labor agreement" with unions to work on most bond-funded infrastructure projects, it prevents local contractors to bid on potential Measure T projects. Critics are crying discrimination, which is enough reason for them to vote "No" on the measure.
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Pretty much all rights reserved © By The Bay 2018