TITLE

Phoenix Suburbs Split on Questions of Bonding, Property Taxes

AUTHOR(S)
Williamson, Richard
PUB. DATE
May 2003
SOURCE
Bond Buyer;5/22/2003, Vol. 344 Issue 31641, p37
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
While voters in the Phoenix, Arizona suburbs of Gilbert and Buckeye favored massive developments, those in Scottsdale and Fountain Hills refused to support local fire departments with property taxes. Gilbert approved 80 million dollar of bonds to expand roads that will feed into the Santan Freeway, which is under development in the East Valley suburbs of Phoenix. The 54 percent majority will allow the Town Council to decide whether to issue general obligation bonds or gasoline-tax-backed revenue bonds to finance the project. In Buckeye, on the northwestern fringe of Phoenix, voters approved the annexation of a vast section of undeveloped land for a subdivision that would make the town nearly as large, in terms of square miles, as Phoenix. The annexation gives Buckeye control of the Hassayampa River watershed, greatly expanding its power over the entire region.
ACCESSION #
9913113

 

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