First, and foremost, I did not want to take this very important issue out of the hands of the residents. In gathering feedback many of you responded in favor, while many were passionately opposed. At the end of the day, I feel the democratic process should ultimately decide the fate of this issue.
Secondly, the ultimate litmus test for me to vote “yes” for a bond is whether or not this takes us forward. Does this bond provide further opportunity for economic growth? Does this bond address important transportation needs? Does this bond allow Surprise to continue to move forward in these very troubling economic times? After much scrutiny, my answer to all of these was yes. The proposed projects lack luster but rather are roadway improvements that need to be addressed in an area of the city that has sustained the most growth over the last 10 years.
Next to consider was the real dollar value, and the impact this would have on residents. In a time when so many folks are undergoing economic strife, when we are asked to take pay cuts, when folks are losing their jobs and their homes, it seems unreasonable and impractical to burden folks with additional costs. What are the real costs for residents, and at the end of the day, what do they get out of it? Again, for me it came down to “does this move us forward?” If these improvements cost me an additional $5 per month and will result in meeting transportation needs which would equate to economic growth in our city, more jobs, and an improved quality of life for residents, then put it to a vote of the people.
Finally, the economics of going to bond are ideal for the city. We have an AA bond rating, and interest rates are at an all time low. We currently have no debt, and we would not be going to bond for the full amount we would qualify for. The Bond Committee carefully considered all of these factors. The final question is whether or not the timing is right. Should we wait a year or two? Certainly an argument can be had for holding off any type of secondary tax increase till the economy is on the rise. However, an argument can also be had that now is the best time to bond with lower interest rates and lower costs for construction. Tough times, and tough questions, but collectively we all will make this decision.
You have the opportunity to speak either for or against on November 3rd. Ultimately this is not about me, City Staff, Mayor, or the rest of Council. Surprise residents will make the final decision. Make it an informed vote, ensure you understand all the issues. As a trusted friend and Surprise resident told me, ensure you are confident in the “truth in packaging” of this bond. At that point we can all make an educated and informed yes or no vote.
Thanks, and I look forward to your feedback.
