In August, the city council will make a final decision on asking voters to approve the borrowing of $925-million in bonds this November, including $250-million for low-income housing. Mayor Steve Adler says support for this bond is support for social equity across the city. He also said that this is a bond he would be proud to support and promote because it reflects where the city is at this point.
If voters were to approve this, the tax impact to the average homeowner is estimated to be about $60 more per year.
