Wyoming voters reject bond issuance

Wyoming voters in Tuesday’s special election firmly rejected the issuance of bonds to fund street reconstruction. Unofficial results show 549 voters, or 60 percent, opposed the measure while 362 residents lent support.

Mayor Eric Peterson and most of the City Council supported a plan to issue general obligation bonds in an amount not to exceed $2,775,000. The bonds would have provided up-front funds for the first phase of the city’s 10-year street reconstruction plan. Under the plan, $500,000 of the city’s tax levy for 10 straight years is to be dedicated to the street replacement fund. That fund in turn would have been used for payment of the debt service from the bond. The first $500,000 was levied in 2012.

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