Next Tuesday, Raleigh residents will vote on two bond proposals: a $60 million package for transportation efforts and a $20 million package for housing. The city’s web site provides lots of info, but it’s curious that one has to wade through screen after screen before stumbling across the cost of all this stuff in the very last Q&A, which reads as follows (emphasis added):
Q: If the proposed $60 million in transportation improvements and $20 million in affordable housing bonds are approved by Raleigh voters on Oct. 11, how would they be funded?
A: If these proposed bonds are approved, the City would finance the bonds through a 2-cent increase in Raleigh?s property tax rate. This would increase the property tax rate to 41.50 cents per $100 property valuation.
Technically, that’s full disclosure, but how many people will actually make it down to the very last piece of info? Unfortunately, not many.
