The City of Ketchum is setting the stage for citizens to vote in the Nov. 8 election on whether to approve a major tax bond issue to help fund major upgrades to the sewage treatment plant that it owns with the Sun Valley Water and Sewer District.
Ketchum Town Administrator Jade Riley said last week that the initial plan – a ‘starting point’ – is to seek approval to sell revenue bonds that would result in $12 million in debt from buyers and to combine proceeds with revenue from a 7% sewer fee increase. . The combined funding would go toward Ketchum’s share of an estimated 20-year, $37 million project to make needed upgrades to the wastewater treatment plant.
However, Riley said the proposal is in the early planning stages and is subject to change.