Fairfield Ledger
https://fairfield-ia.villagesoup.com/p/1701071

Mt. Pleasant News   Wash Journal
Neighbors Growing Together | Nov 23, 2017

Vote yes on local option sales tax

By Ed Malloy | Nov 02, 2017

To the editor:

On Nov. 7, the city election will include the reauthorization of the local option sales tax as it is set to expire on July 1, 2019. The proposed division of use for the funds will appear on the ballot as follows:

a) 25 percent for property tax relief.

b) The specific purposes for which the revenues shall otherwise be expended are: 50 percent for streets & street construction projects, including planning, design, construction and debt service of said activities; 25 percent for any other lawful purpose, including community betterment.

The LOST funds have been in place for the past 18 years and have been a valuable and important source of funds that have improved our community in many ways. The funds have supported the city’s general budget and also allowed us to invest in the community in ways that have made us stronger, more competitive and more attractive. The most recent change to the allocation has allowed the city to build important reserve funds that will strengthen our bond rating to even higher levels.

The monies we have spent on community betterment projects are investments in making Fairfield an attractive place to live and work. Those investments have been the basis of our successful tourism economy, which I would also attribute to the 7.4 percent growth in population since 2010.

We have also grown the LOST revenues by over 40 percent during that time. This has contributed to the entire county and surrounding towns benefitting from the attraction to Fairfield’s shopping, dining and entertainment opportunities.

The continued use of the funds depends on a positive vote in the upcoming election. The city will continue to use the funds to support Fairfield in ways that everyone can benefit from. I hope you will support the ballot measure and continue to support the positive growth in our community.

 

– Ed Malloy, Mayor of Fairfield

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