(REXBURG, IDAHO) – Officials in Rexburg are asking voters to approve a $16.75 million bond this November to fund the construction of a new police department facility. The city states that the new station is necessary to enhance service capabilities for the Rexburg Police Department and accommodate the community’s future growth. The bond ordinance, which outlines the proposal, is scheduled for a final city council reading on August 6th before being placed on the ballot.
If approved by voters, the bond would be repaid over a maximum of 15 years. The total repayment cost, including an estimated $5.8 million in interest, is projected to be nearly $22.6 million. This would translate to an average annual property tax increase of $61.51 per $100,000 of taxable assessed value for residents. To inform the public, the city is planning a series of open houses and town hall meetings to discuss the proposal in the coming months.
