How much money will this raise?
Neighborhood Investment Plan
| Annual |
|
Five-Year |
| |
DISTRICT |
|
| $7,500,000 |
Sidewalks |
$37,500,000 |
| $10,000,000 |
Parks |
$50,000,000 |
| $8,000,000 |
Greenways |
$40,000,000 |
| $5,000,000 |
Facilities |
$25,000,000 |
| |
CITYWIDE |
|
| $4,000,000 |
Road Paving |
$20,000,000 |
| $2,500,000 |
Neighborhood Traffic Calming & Safety Projects |
$12,500,000 |
| $10,000,000 |
Housing |
$50,000,000 |
| $47 Million |
Investment Total |
$235 Million |
Based on 2024 Local Option Sales Tax revenues, the ½ cent increase will raise $47 Million annually.
A few cents from all those making purchases in Knoxville can add up.