The Boone County Fire Protection District will be able to renovate stations and purchase much-needed equipment after Boone County residents passed a $14 million bond issue on Tuesday by an unofficial 72% vote.
The $14 million bond will be paid off over a maximum of 20 years. It includes a 25-cent increase per 100 dollars of assessed valuation on personal property taxes and real estate property taxes over the first ten years. On the last ten years of the bond, the tax hike decreases to 10-cents per 100 dollars of assessed valuation.
Boone County Fire Protection District officials will ask voters to approve a bond issue during the general municipal election this April.
Battalion Chief Gale Blomenkamp says half of the proposed $14 million bond would be spent on apparatus and equipment. The other half would go toward improving the fire district’s facilities. Voters passed a 12-year bond issue for the Fire District in 1998. After paying off that bond in 2009, the board of directors considered extending the bond issue, but decided not to do so due to the poor state of the economy.
Leaders of the Columbia public school district plan to seek another $50 million bond issue in April, followed by new $40 million bond proposals every two years until 2020.
The Columbia Daily Tribune reports the $50 million bond issue on the April ballot will require a 4-cent tax increase. The subsequent $40 million bonds in 2016, 2018 and 2020 would require no tax increase.