By Lena Mitchell/NEMS Daily Journal
CORINTH – At 5:30 p.m. Tuesday, Corinth residents will be able to get more details about the Aug. 21 tax election to pay for a number of road and other infrastructure improvements.
The meeting will be held in the Corinth High School auditorium, and city officials will distribute a brochure detailing their plans.
In addition to outlining the city’s current sources of revenue and how those funds are spent, the information brochure answers questions raised by city residents during a June 19 public hearing about how the city will assure the funds raised through the special millage will be used for the purposes intended and other issues.
Also included is the resolution the city adopted setting the election, and wording to be used on the ballot.
The proposed tax would affect car tags, residential and commercial property.
Included in the Future Fare proposal is a chart that shows what an individual’s tax would be based on the assessed vehicle and property values.
If approved, the tax is expected to raise an additional $1 million per year for a total of $5 million, funds that would be placed in a separate, dedicated fund for capital improvements and infrastructure work.
The list of projects to be completed with the funds includes:
• Street paving, milling and overlay, $3,636,000. Proposed expenditures by ward are: Ward 1 – $294,750; Ward 2 – $1,759,250; Ward 3 – $230,250; Ward 4 – $353,500; Ward 5 – $400,240; Downtown – $598,000.
• Property cleanup (commercial and residential), $300,000.
• Planning Years 5-15 – Strategic Master Plan, $100,000.
• Drainage, $100,000.
• Americans with Disabilities Act improvements/Sidewalks, $200,000.
• Signage, $250,000.
• Aesthetics/Corridor improvements, $200,000.
• Contingency, $214,000.