CONCERNED GILBERT RESIDENTS RECOMMEND VOTING YES
Why do we need this?
Being one of the fastest growing municipalities in Arizona has led to growing concerns over safety, traffic congestion, and livability. Gilbert hasn’t requested a transportation bond in 14 years. Existing roads are in need of maintenance and reconstruction.
WHAT’S COVERED IN GILBERT QUESTION 1
ROAD PROJECTS
throughout the town that will increase safety and reduce congestion.
TRANSPORTATION TECHNOLOGY
to make our streets more efficient.
MULTI-MODAL INVESTMENTS
like bike and pedestrian paths.
RECONSTRUCTION
of aging streets and infrastructure.
REDEVELOPMENT PLAN IMPLEMENTATION
addressing aging and growth issues in the Heritage District.
A FISCALLY RESPONSIBLE PLAN
Bonding helps Gilbert provide funding to build roads and other projects that are needed today, and then pay for the projects over time. Bonds would be repaid with secondary property tax. Property value and taxes in Gilbert are very stable. Also, in Arizona taxes are paid on a “limited” property value which is only permitted to grow by up to 5% each year.
Gilbert’s current property tax rate is $0.99 per $100 of assessed value. The Bonds are recommended to be funded within this existing $0.99 rate, therefore, there is no anticipated increase in the tax rate because of the issuance of the Bonds.
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