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> The old program has failed the city.
> The city contains over 750 miles of deteriorating roads.
> The new 5-Year program increases badly needed investment to build quality roads.


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Facts:
> Over 80% of new revenue will go directly to our roads & streets ($55 million).
> Significant investment into our flood control / storm water system
   ($6 million).

> Continued investment into road maintenance and sidewalks ($6 million).
> State law prevents using the revenue for anything other than roads
   and infrastructure.




> The City will stop paying massive interest by avoiding bonds.
> We eliminate old debt and lower the City’s property tax rate.
> We can use “pay-as-you-go” and throw away the credit card.





















Facts:
> Old Way: $1 million in bonds costs the citizens $1.3 million (after interest).
> New Way: That same $1 million costs the Rockford taxpayer only $650,000
   (after receipt of revenue from sales tax paid by people from outside
   of the City).
> Impact: Additional cost to property tax bill - $0.



> 5-Year investment will create $52 million from from State and Federal grants.
> Provides investment in the City’s flood control system.
> Increases funding for neighborhood street construction.

Facts:

> We will rebuild critical roadways like Harrison Avenue, South & North Main
   Streets, West State Street and Kishwaukee Street.

> We will secure State and Federal funds by providing required
   matching funds.

> We will revitalize neighborhoods and increase economic opportunity
   and jobs.




> This sales tax does not apply to groceries, medicine, or titled vehicles.
> Plan will generate over $25 million from out-of-towners.



Facts:
   We Need to:
> Stop incurring more debt!
> Reduce property tax burden!
> Collect road revenue from out-of -towners!
> 5-year sunset clause allows citizens to hold elected officials accountable.



> Shares the expense of the road repairs with all who drive on Rockford roads.
> Lowers property tax burden, increases road investment.
> More accountability to the citizens.



 
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