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Bonds would fund infrastructure

CHARLOTTE –Charlotte voters will have the opportunity to either approve or deny three referenda during this year’s general election Nov. 4 that would authorize the city to issue general revenue bonds worth $145.9 million.

The bonds would be used to fund future transportation projects, neighborhood infrastructure in Charlotte’s high-growth areas and new housing for low- and moderate-income individuals, according to the Real Estate and Building Industry Coalition.

The majority of the bond money, over $110 million, would go towards transportation projects, with infrastructure improvements and new housing developments receiving $20 million and $15 million, respectively.

Each referendum will be voted on separately, and any of the three can be approved or denied, and approval of the bonds will not result in additional tax increases for Charlotte residents.

 

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