INVEST IN MARION: RENEW THE 1% BOND

Q: If the renewal on May 13th passes, will my taxes go up?
A: No. The renewal would allow for the reissuance of bonds already included in Marion’s sales tax schedule.

Q: What happens if one or more of the items on the renewal do(es) not pass?
A: The amount listed for each item in the renewal would be removed from the total amount of the bond issue. The net effect is that the bond would be paid off earlier the smaller the total.

Q: What is the benefit of renewing the bond?
A: City leaders believe that:
1. Benefits to community property values, safety, and quality of life outweigh the benefit of negligible sales tax reduction.
2. These improvements will stimulate greater economic growth, which lessens the load on the individual taxpayer.

Q: If the renewal passes, will it impact Marion property taxes?
A: No, there is no relation to property taxes.

From Ordinance 638:
The City Council of the City of Marion, Arkansas (the "City") has determined that the city is greatly in need of the following capital improvements of a public nature:

(a) new or improvements to ex1stmg streets, roads and related structures, including particularly, without limitation, overpasses and bridges and any necessary land, easement and right of way acquisition and related intersection improvements, drainage, utility adjustments, lighting and traffic control devises and improvements therefor (the "Street Improvements").

(b) facilities for drainage and flood control and any necessary land and easement acquisition therefor (the Drainage Improvements").

(c) park and recreational facilities and improvements, and parking, furnishings, equipment, drainage, lighting and utility improvements therefor (the "Park and Recreational Improvements").

(d) firefighting apparatus and equipment for the fire department (the "Fire Department Improvements").

(e) facility improvements, including a new shooting range and any necessary land acquisition therefor, and equipment and apparatus for the police department (the "Police Department Improvements".

(f) extensions, betterments and improvements to the City's sewer system and any necessary equipment, easement and right of way acquisition therefor (the "Sewer Improvements").

(g) extensions, betterments and improvements to the City's water system and any necessary land, equipment, easement and right of way acquisition therefor (the "Water lmprovements").

(h) facility improvements and equipment for library purposes (the "Library Improvements").

If you have any questions, please call the Mayor's office at 870-739-6041
or email mayor@marion.arkansas.org