Update: Texarkana Voters Approve Street, Bridge Ballot Initiatives
By: KARK 4 News
Updated: June 26, 2012
Texarkana, Arkansas voters have reportedly passed a bond aimed at fixing roads across the city.
In a special election held Tuesday, voters approved of refinancing an existing bond to generate between $9 million and $10 million dedicated to road and drainage repair.
The issue passed by a "landslide," by about a 78 to 22 percent margin, according to City Manager Harold Boldt.
Mayor Wayne Smith told KTAL News last week making improvements to the roads were necessary to attract additional businesses to the city.
City officials have not decided which roads will see repairs.
Original Story:
Voters in Texarkana, Arkansas have approved two ballot measures aimed at repairing and constructing roads, according to the Texarkana Gazette.
A proposal regarding whether to issue bonds with a maximum principal amount of $9.8 million to finance street improvements passed 656-186, according to unofficial results.
A second measure to issue bonds in the maximum principal amount of $1.1 million to finance refunding the city's outstanding general obligation bonds passed by a 638-195 margin, according to the Gazette.
According to city officials, taxes will not be increased to fund the two proposals.
