Proposed tt post mar 18 2016

links to reference:

Info culled from Blade stories:

• Increasing the "temporary" income tax from 0.75 percent to 1.00 percent would generate an additional $18.6 million a year.
• For 2016, Mayor Hicks-Hudson promised to devote $16.6 million of that $18.6 million to residential street repair.
• For the following years, no guarantee exists that the city would devote nearly 90% of the revenue generated by the tax increase to street repair.
• Since the tax increase vote failed, Toledo has zero dollars for street repairs in 2016.
• The mayor said Toledo has more than $750 million in street repairs.
• If the tax increase had passed, and if $16.6 million were devoted to street repairs in 2016, that means approximately 2.2 percent of the roads would have been repaired. It depends upon what type of road is fixed.
  • For each lane mile of a res­i­den­tial street it costs roughly $275,000 to re­sur­face and $750,000 to re­con­struct.
  • For each lane mile of a ma­jor street it costs roughly $320,000 to re­sur­face and $1 mil­lion to re­con­struct.
• Let's say that the state/feds matched Toledo's $16.6 million. Then about 4.5 percent of the needed street repairs would have been funded this year.

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http://www.toledoblade.com/local/2015/11/30/Toledo-could-turn-to-tax-hike-request-for-road-repairs.html

http://www.toledoblade.com/image/2015/11/30/800x_b1_cCM_z/Streets30.jpg

http://m.toledoblade.com/Politics/2015/12/08/Mayor-seeks-income-tax-hike-for-roads.html

http://m.toledoblade.com/Politics/2015/12/08/Mayor-Benefits-of-increasing-tax-outweigh-costs.html

http://www.toledoblade.com/Politics/2016/03/17/Toledo-looks-for-options-after-failure-of-Issue-2.html