Newark considers Special Improvement District downtown

May 30, 2017 by  

Board members of Newark Development Partners plan to ask people who own property downtown to support the creation of a Special Improvement District (SID) in the area, according to an article in the newark Advocate.

The goal of establishing the district is to assess additional property taxes for those inside the district, with the money going to pay for such services as litter control, safety and security, parking maintenance, and graffiti removal.

If the measure is approved, property owners in the SID would pay ‘7.5% of the tax rate applied to the 2016 real property taxable value’, which would bring in approximately $110,000 each year. The first assessment would appear on the property tax bill in 2018, and last for five years, but it could be renewed for another five years after that.

Property owners, perhaps surprisingly, are in favor of the measure; in fact, some of them started it. They believe that the SID will put services in place that the city does not provide. In order to create the district, property owners will have to petition the city council to create it. If they collect enough signatures, the petition will be presented to the city council for a vote.

Efforts like this can benefit if backers work with a flyer printing company to create a mailer for residents, explaining why the measure is necessary.

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