This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 16,677.90 +216.58 1.32%
S&P 500 1,950.82 +23.71 1.23%
NASDAQ 4,452.7920 +69.9450 1.60%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs