There are three bonds that will appear on the November ballot for residents of Charlotte that will address housing, transportation and infrastructure. Here's a look at all three.
Why voting bonds are important: General Obligation Bonds are one of the main sources of funding for many city projects, like improving aging infrastructure or building more housing. Bonds allow the city to pay for projects over a long period of time and require voter approval.
Charlotte Transportation Bonds - $118.08 million: If approved, these bonds would go toward financing projects to improve the city’s transportation and mobility choices. Some of the projects financed by these bonds include a Cross Charlotte greenway that would extend from Cabarrus County to the South Carolina state line, improving sidewalks on Independence Boulevard and creating more bike lanes around the city.
Housing Bonds - $50 million: These bonds would go toward city affordable housing projects by funding the Housing Diversity Program. The program aims to update some of the existing affordable single and multifamily housing units, and also increase the amount of safe, quality and affordable housing options in the city. In the past, the city has asked for $15 million in housing bonds.
Neighborhood Improvement Bonds - $55 million: These bonds would go toward projects to improve infrastructure in various Charlotte neighborhoods, including repaving roads, landscaping, installing street lighting and updating intersections, among other things. The bonds would fund the Comprehensive Neighborhood Improvement Plan to connect Charlotte neighborhoods to employment and retail areas by building new streets, sidewalks, greenways and bike lanes.
Find more information on the bonds on this year’s ballot here.
Return to the 2018 Midterm Voter Guide here.