Public forums cancelled
All three public forums about the City of Lake Ozark’s ballot issues for street improvements have been cancelled due to concerns about public gatherings in the wake of the COVID-19 virus.
The hearings were scheduled for March 19 and March 26. Other options for providing public input on the two ballot questions are being considered. An announcement will be made at a later date.
Voters will be asked to consider two questions on the ballot:
To authorize the city to borrow up to $6 million over the next several years to allow for renovation of the city’s streets. Approval does not constitute an increase in taxes, but gives the city the ability to borrow money to begin the process.
To adopt a Use Tax on out-of-state online purchases. The tax would only apply to items purchased from out-of-state vendors that do not have a presence in Missouri. If you don’t use the internet to make purchases, the tax would not apply. The tax would be the same rate – 2.75 percent – as the city’s local sales tax. The Use Tax would not be an addition to the local sales tax. Revenue generated by the Use Tax would be one of several sources to help pay any debt incurred in improving the streets.
A 2019 Road Assessment conducted by Cochrane Engineering determined that to improve all 90 miles of Lake Ozark streets would cost between $5 and $7 million in today’s dollars. Of that total, renovation of Bagnell Dam Blvd. from Quality Inn to Bagnell Dam would cost an estimated $2.9 million.
Information about the two ballot issues, the Road Assessment and other City of Lake Ozark information is available at cityoflakeozark.net.