Funding for Business 50 upgrade won’t raise taxes

 

 

 

 

 

 

 

   

 

 

 

 This week, the Washington City Council passed three ordinances that set up the financing mechanism for the Business 50 renewal project.  The improvement plan was announced recently and will be a partnership between the state and the city as the city will take over the most heavily traveled road in the county as a city street. 

  The Indiana Department of Transportation will finance 87% of the road project’s cost, including the replacement of curbs and sidewalks.  INDOT will reimburse the City of Washington approximately $17 million of the $20 million project.  The city will be replacing up to nearly 80 year old water and utility lines under the road. Wellman, in his State of the City message  this week noted that Economic Development funds and the state reimbursement of Local Option Income Tax funds to pay for the city’s portion of the work…

   Wellman says there are 80 businesses and around 100 homes along the path of the construction running from the roundabout on the east side to the city limits near Maysville on the west.