Akron, Ohio: City Council Approves Historic Bond Issue for Infrastruktur Improvements

Akron, Ohio: City Council Approves Historic Bond Issue for Infrastructure ImprovementsAkron, Ohio: City Council Approves Historic Bond Issue for Infrastructure Improvements In a landmark decision, Akron City Council has unanimously approved a historic bond issue of $1.25 billion for much-needed infrastructure improvements across the city. This is the largest single investment in Akron’s infrastructure in decades and represents a significant step towards revitalizing the city’s aging infrastructure. The bond issue will fund a wide range of projects, including: * Road resurfacing and repairs * Bridge rehabilitation and replacement * Sewer and stormwater system upgrades * Broadband infrastructure expansion * Park and recreation facilities improvements Mayor Dan Horrigan hailed the approval of the bond issue as a “transformative moment” for Akron. “This investment will not only improve our infrastructure but also create jobs, boost our economy, and enhance the quality of life for our residents,” Horrigan said. The bond issue will be paid for through a combination of increased property taxes and a local income tax increase. The property tax increase will be phased in over several years, while the income tax increase will go into effect in January 2024. City Council President Margo Sommerville emphasized the importance of investing in infrastructure for Akron’s future. “This bond issue is an investment in our city’s long-term prosperity,” Sommerville said. “It will ensure that Akron remains a vibrant and attractive place to live, work, and play.” The infrastructure improvements funded by the bond issue will have a significant impact on Akron’s residents. Improved roads and bridges will enhance safety and reduce traffic congestion. Upgraded sewer and stormwater systems will protect the city from flooding and improve water quality. Broadband infrastructure expansion will connect more residents to high-speed internet, supporting economic development and educational opportunities. The approval of the bond issue is a testament to the cooperation between Akron City Council and the Mayor’s office. It also reflects the strong commitment of the Akron community to investing in its future. As the projects funded by the bond issue are completed, Akron residents can expect to see improvements in their daily lives and a brighter future for their city.