This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Voters In Three Cities Approve Spending For Parks

SAN FRANCISCO, Nov. 6, 2013 /PRNewswire-USNewswire/ -- Voters in Newark, Cleveland and Grand Rapids, Mich., on Tuesday overwhelmingly approved local taxes to pay for better parks in their cities, The Trust for Public Land announced today.

Yesterday:

  • Newark, N.J., voters gave 84% approval to create the Newark Open Space & Recreation Trust Fund, which will receive about $1.1 million a year to maintain city parks and provide new parks. The money will come from a tax of one penny per $100 of real property value.
  • In Cuyahoga County, Ohio, voters in Cleveland and nearby communities gave 70% passage to a measure that increases the local levy used to pay for a variety of parks in the county.  The measure will bring in about $75 million a year over the next 20 years.
  • In Michigan, Grand Rapids voters passed by a 60–40 margin a park levy which will create $28 million over the next seven years.

"With 80% of Americans living in cities, it is great to see voters recognize the importance of good parks which are close to home," said Will Rogers, President of The Trust for Public Land.  "But yesterday's results aren't surprising.  Over and over again, for almost 20 years, we have seen voters willing to vote to spend their own money for parks.  Whether they live in 'red' or 'blue' states, they care about parks which help make cities a better place to live."

Adam Zipkin, the Newark Deputy Mayor for Economic Development, said Tuesday's results send a message.  "Voters in Newark are telling us that parks are a priority, that having a greener city with more recreation opportunities is a priority. Cities that want to attract business and new residents should invest in parks. That's what we've done in Newark, and it is working."

The three successful city measures were among 15 local conservation spending proposals on yesterday's ballot.  Twelve of the 15 passed, and will generate $1.8 billion for local conservation over the next two decades.  The only major loss came in Boise, Idaho, where voters gave 62–38% support for a conservation tax, but that figure fell just short of the 2/3 approval required.

Tuesday's results also track closely with decisions by urban voters earlier this year:

  • In April, voters in St. Louis and St. Louis County approved a local proposition increasing sales taxes by 3/16 th of a cent to generate more than $622 million for improvements around the Gateway Arch and local and regional parks and trails.
  • Portland, Ore., metro area voters decided in May to approve a property tax increase lasting five years and setting aside $10 million a year for parks and open spaces.
  • In August, voters in King County, Washington, which includes Seattle, voted 70–30 to renew a local levy which will provide $60 million a year for the next six years for parks and trails.

The 2013 approvals follow on a wave of city park spending in November, 2012, when voters approved park bonds or taxes in San Francisco, Houston, Salt Lake, Austin, El Paso, Toledo, Bozeman, Montana; and Polk County, Iowa ( Des Moines).

An analysis of urban voting patterns done by the Conservation Finance team of The Trust for Public Land showed that since 1996, 59 of America's 100 most populous cities have voted on either a citywide or countywide conservation spending measure; 54 of those were approved.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs