HomeMy WebLinkAboutOrdinances Book 15, Page 748, No Resolution Number748 /
A RESOLUTION ENDORSING THE PROPOSED $176 MILLION BOND ISSUE OF THE
COMMONWEALTH OF KENTUCKY
WHEREAS, the Board of Commissioners of the City of Paducah, Kentucky
has reviewed the highway improvement program of the Commonwealth of Kentucky
as it relates to the past as well as to the future, and has also reviewed
other needs; and,
WHEREAS, it has also reviewed improvement programs of some of the
other states, and has found, for example, Ohio has voted a $500 million
bond issue, West Virginia a $200 million bond issue, North Caroline a $300
million bond issue, Governor Scranton is proposing a $10 billion highway im-
provement program for the next ten years in Pennsylvania, and other states
near Kentucky are similarly expediting financing of modern highways; and,
WHEREAS, it has determined, as a result of these studies, that there
is positive evidence that a very highly competitive situation exists among
the states which demands that Kentucky continue the development of a modern
road program if we are to meet the needs of our own people and remain
competitive with other states; and,
WHEREAS, it has been determined that such a program has greatly
expanded the over-all economy of the Commonwealth, has increased the rural
road fund receipts from the highway user revenues, and its continuance is
essential to the progress of every section of our state and the economic
welfare of every citizen; and,
WHEREAS, a proposed $176 million bond issue to be voted on at the
November, 1965, election would provide $139 million for matching federal fund
available for highway purposes, an amount sufficient to gain a total of $597
million in federal aid over a five-year program, which constitutes a bargain
our state cannot afford to lose; and,
WHEREAS, more than $17 million has been set aside for college and
university capital construction, a sum which will bring our institutions of
higher learning a total of more than $$5 million for much-nneded dormitories,
classrooms and laboratories; and,
WHEREAS, $5,5 million is allocated for vocational education and
school construction for the deaf and blind; and additional sums are being
Provided for libraries, parks, county health centers, airports, agricultural
centers, police barracks, small lakes and other much needed capital con-
struction; and
WHEREAS, state funds to match federal funds will not be available
from receipts from present taxes if the bond issue is not approved;
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NOW THEREFORE, BE IT RESOLVED that the Board of Commissioners of the
City of Paducah Fo on record as endorsing the $176 million bond issue
and that it actively support and work for its passage.
Mayor
Adopted by the Board of Commissioners on September 14, 1965
Recorded by Sarah Thurman, City Clerk on September 14, 1965