During last night’s special meeting/study session, the City Council approved the purchase of bonds to cover the $2 million legal settlement agreed to by the council last year.
By a 5-2 vote, the city will purchase bonds that will be paid off in 10 years by raising each residential customers landfill charge on their utility bill by $1.19. They will raise commercial businesses landfill charge by $13.91.
For residential customers, this amounts to $184 additional over the 10 year time period.
Mayor Turner, Deputy Mayor Brouillet, and Councilmembers Malloy, Martineau, and Boyle voted in support of the plan. Councilmembers Hansen and Knutsen voted against.
Councilmembers Hansen and Knutsen voiced opposition to this plan because they felt that this mistake should not be placed back on the citizens. They prefered the money be borrowed from within the city’s budget, rather than add additional costs onto the citizens.
You can read more about this from the Tacoma News Tribune.