FAQs – Bond Election 2018

FAQs – Bond Election 2018

Where will the money come from to pay for the GO bond?

  • Property taxes. Currently, about three percent of your current property tax goes to the City of Stillwater, and the rest goes to schools, the county and other government entities. 

Will this fund every infrastructure need in Stillwater?

  • No. It’s impossible to address every need across Stillwater with any single bond program. That’s why resident feedback, planning studies and other tools are essential for identifying priorities.

How will the proposition(s) be chosen?

  • Before deciding what to include on the ballot, City Council will evaluate a number of things including public input, planning studies, strategic priorities and operating budgets.

When will construction begin and end?

  • Construction on some of the projects would start about a year after the election. When it ends would depend on the length of the bond issue.

If there is a new Fire Station 2, will the current one be torn down?

  • The building belongs to OSU, who ultimately decides what happens to it. The station is considered an iconic campus building and is listed on the National Registry of Historic Buildings. The university would explore opportunities to renovate and repurpose the building.

Why is the transportation improvement bond needed when voters passed a ten year Half-Cent Transportation Sales Tax in 2015?

  • The Half-Cent Transportation Sales Tax generates enough funding to maintain Stillwater’s streets at their current level. Any additional projects or improvements are not funded, which is why the City has identified transportation improvements as a critical need.

Why do we need a bond for stormwater/drainage improvements? I pay a stormwater fee every month on my utility bill?

  • The utility fee generates approximately $300,000 per year. This is used for projects that need immediate maintenance or repair.