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4B project will go to vote

January 11, 2012

Members of the Big Spring City Council listen as citizens express their support or opposition of the proposed 4B project to divert economic development funding for the next 20 years to re-vamp existing city water and wastewater facilities during Tuesday night’s meeting. The council voted unanimously on first reading of the measure to send the project to a citywide vote. (HERALD photo/Thomas Jenkins)

Members of the Big Spring City Council may have mixed feelings about how to fund renovations to the municipality's water and wastewater facilities, but there's little doubt they agree the citizens should be allowed to vote on the issue as the panel unanimously approved first reading of a measure calling for a special 4B election to be held on the matter.

The decision came following a tumultuous outpouring of testimony from area residents both for and against the proposed project, which, if approved by Big Spring voters, would use funding from the Big Spring Economic Development Corporation to fund a $11-million re-vamp of the city's existing water and wastewater facilities, as well a portion of the city's aging water lines.

The Big Spring EDC, designated a 4A corporation by the state, would have its operating budget cut in half if the project is approved, providing between $800,000 and $800,500 a year for the water project's debt service and approximately $800,000 to $850,000 annually for the EDC to operate on.

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Comments

4B project will go to a vote

January 11, 2012 by Aubrey Weaver Jr (not verified), 2 years 36 weeks ago
Comment: 110

There is only one funding option which will not raise property taxes / water rates and that is using BSEDC Moore board money. There has to be an election to use the BSEDC money. I'm voting FOR using the BSEDC Moore Board Money to fund the repairs. Using 2009 numbers from the state comptroller's website,Big Spring has the 23rd highest property taxes in the state. If property taxes are instead raised 18 cents to pay for the plants' upgrades, Big Spring will have the 6th highest property taxes in state. This money belongs to the citizens of Big Spring, not the 5 directors of the BSEDC Moore Board!

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