On January 22, 2024, the Liberty City Council voted to add a General Obligation Bond issue to the April ballot.
The City of Liberty property tax levy is $0.8751 per $100 assessed valuation, this includes $0.7408 for the City’s General Fund and $0.1343 for Liberty Parks & Recreation. The assessed valuation is provided from the Clay County Assessor’s Office by requirements of the Missouri State Statutes. At an additional $0.46 per $100 of valuation added to the existing $0.8751, it is a 50%+ increase in Liberty's personal property tax bill.
The $60 million General Obligation Bonds, which will have a term of 20 years, will be repaid by Liberty residents through a property tax levy of an extra $0.46 per $100 of assessed valuation on property. The 33% assessment on commercial means instead of an extra 46 cents per $100, now it will be an extra 69 cents per $100!
This uses up about 75% of Liberty's bonding capacity for a rec center and an 8-court indoor basketball facility. This will be 46 cents extra on every $100 valuation for homes. If this $60M passes, the bonding could be short for 10 to 15 years if Liberty needs a new Police Station or Fire Station due to Liberty's growth.
Liberty's Police Department is the same size as it was when we were half the size dept. Fire station 3, finally getting expansion to sleep 10 vs 3. Fire station 2, only sleeps 5 and needs room for 10.
Public Works has 2x street miles and no new space for trucks or equipment.
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