What are bonds?

Bonds encourage investment in the City. The City hires bond analysts who determine the value of the bonds that we can sell within a safe margin. We will issue bonds valued up to a certain amount, as approved by voters, and those bonds will be purchased by investors. The analysts will monitor the market and conduct the sale of the bonds.

The investors who purchase the bonds earn tax-free interest on their investment. Each year, we pay the principal and the interest on the bond debt, and that interest goes to the investors. When we retire the bonds, we pay the investors back the face value of the bond.

Show All Answers

1. What are bonds?
2. What projects have previously been completed as a result of bond programs?
3. What was on the ballot in 2018?
4. Whom do I contact if I have questions about the bond?
5. How can I get involved?
6. What is the timeline?
7. How much will the bonds be for?
8. Will the bond issue increase taxes?
9. When was the special election?
10. Whom do I contact to get more information about voting?
11. What infrastructure projects will be included with this bond issue?
12. Who determines which projects are selected?
13. Will there be public meetings to discuss projects?
14. Where do I vote?