The Funding

paying for streets

At the regular meeting of City Council on August 26th, 2021, the governing body passed two resolutions related to the budgetary policies of the City of Osawatomie that both focused on dedicated revenues for street repairs, replacement, and maintenance.

Resolution 908 established an increase in mill rate in the General Fund from the Revenue Neutral Rate (RNR) of 27.669 to 44.433. This increase in mill rate will generate $450,000 annually that will be strictly dedicated to street repairs, replacement, and maintenance. Resolution 908A approved a one-half of one percent sales tax increase to be added to the November 2021 ballot for the citizens of Osawatomie to vote upon. This measure passed, and will add an additional estimated $125,000 to the street repair fund each year.

These two initiatives, when coupled with the $1,000,000 we receive over the next ten years from the Miami County Sales Tax and another estimated $2,000,000 in grants from the state and federal level, allows us to generate $8,750,000 dedicated solely to streets over the next 10 years.

Street Repair Funding blackboard. $8,750,00 dedicated to streets over 10 years