Mayor Mark Boughton is expected to unveil a $55 million bond proposal before the City Council on Tuesday that would pay for an expansion of city schools as well as the rehabilitation of bridges and other infrastructure improvements.
Boughton says he understands that times are hard for city taxpayers but he says the City's bond rating is good now and so are interest rates. About 53-percent of the school improvement costs would be reimbursed by the state.
Boughton says cost to the average homeowner for the bond package would be about $40 a year in additional property taxes.
The measure will be on the November ballot and would likely be split into four questions.
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