[0:06] this project was prioritized in our [0:08] 5-year Capital Improvement plan so we [0:10] began planning for the funding of it [0:11] through a sales tax about 2 years ago [0:13] the local option sales tax referendum is [0:16] really a referendum that's coming to you [0:18] the voters on the November 5th ballot [0:20] for you to help decide how to pay for a [0:22] public safety campus Improvement project [0:25] that local option and sales tax is [0:26] valued at [0:28] .5% which is equivalent to to just 5 [0:30] cents on $10 it's also projected that [0:33] about 53% of people outside wood beard [0:36] would be the ones to pay for that if [0:38] approved by voters the sales tax [0:40] increase would go into effect April 2025 [0:43] and last for about 20 years or until the [0:46] full funds were collected projections [0:48] indicate that the city could collect the [0:50] $50 million in about 13 years which is [0:53] about 7 years faster than it could be [0:55] done with just property tax alone if [0:57] passed funds from the sales tax increase [0:59] will used to fund the majority of the [1:02] public safety campus project if the [1:04] referendum does not pass this planned [1:06] project will be paid for by additional [1:08] property taxes [1:11] [Music]