Springfield Street Bond

The City of Springfield has proposed Bond Measure 20-351 to repair a list of proposed streets. Jeff Paschall, Community Devlopment Director of the Springfield Development and Public Works Department, will provide a briefing on the details of the general obligation bond proposal which will be voted on at the May 21 election.

The City currently has no funded street preservation and repair program. More than 50% of the streets have cracking, potholes, and grooves. The backlog of repairs is approximately $50 million. Thir City estimates that fixing streets through preservation and repairs would cost 4 to 10 times less than street reconstruction in the future.

The list of proposed streets to be fixed is:
• Harlow Road from Interstate 5 to the roundabout at Pioneer Parkway and MLK Jr. Parkway
• Aspen Street from Tamarack Street to Centennial Boulevard
• G Street from 10th Street to 23rd Street
• 36th Street from Main Street to Commercial Avenue
• Daisy Street from South 51st Place to Bob Straub Parkway
• 58th Street from Main Street to Thurston Road

If passed, it would cost an estimated $0.74 cents per $1,000 of assessed value each year for five years beginning July 1, 2024. The bond is based upon assessed value, not market value. The median assessed value of residential property is $182,500. At this value, a homeowner would pay approximately $135 per year in estimated taxes, which is about $11.25 per month. If the measure does not pass, the list of proposed street repairs would not be completed, and the estimated additional tax assessment would not be made.