BENTONVILLE — The city is considering asking residents to approve $266 million in bonds for capital projects by extending a 1% city sales tax.
The City Council got its first look at the bond proposal at the Jan. 11 Committee of the Whole meeting. Plans call for the council to vote at its Feb. 9 meeting to call a special election. The election would be April 13.
Capital projects voters would be asked to approve include $160 million for streets, $30 million for parks and recreation, $18 million to address drainage issues, $6 million for radio communications, $4.5 million for library expansion, $3.5 million for a fire training facility and $1.4 million for a police training facility, according to the city.
Eighty percent of the revenue raised by the city’s 1% city sales tax goes to pay for bonds and 20% goes to ongoing capital needs. The city would maintain the same ratio if the sales…