Three Bond Issues Approved

Voters approved three of the four City bond issues on the November 4, 2008 ballot. The City of Greensboro filed an application with the Local Government Commission for its approval of bonds to be considered by voters in the November 4, 2008 referendum. City Council held a public hearing to receive input on the proposed bond issues on Wednesday, July 16. Read more about municipal bonds. 

The following bond issues appeared on the November ballot. If all four bond issues had been approved, the tax rate would have increased by up to 2.5 cents if construction begins in 2009. Updated tax impact figures based on the passage of three bonds will be provided as soon as possible.

• Will provide funds for street and bridge improvements, specifically:
• constructing, reconstructing, widening, extending, resurfacing and improving bridges, thoroughfares, streets and roads
• constructing, reconstructing, relocating and eliminating grade crossings and grade separations
• constructing and installing traffic controls, signals, markers and lighting
• constructing sidewalks, bike trails, greenways, curbs, gutters, culverts and drains, and
• acquiring any necessary rights-of-way.

Read more about the Street Improvement Bond projects. These investments would support roadway and intersection improvements, sidewalks, greenways and infrastructure maintenance.

Results
Yes: 43 percent
No: 57 percent

• Will provide funds for renovating War Memorial Auditorium, specifically:
• renovation of the lobby, seating areas and balconies
• new and larger restrooms on all levels
• enhanced acoustics
• improved access for patrons with disabilities, including handicapped accessible restrooms
• passenger elevators to all levels
• new seats on four levels
• parking improvements
• light and sound locks
• new lobby to accommodate pre- and post-event activities.

Read more about the War Memorial Auditorium Bond project.

• Will provide funds for parks and recreational facilities, specifically:
• regional competitive swim facility
• athletic field development
• neighborhood park renovations
• Smith Senior Center improvements
• pool repairs and upgrades
• construction of gardens, parks and facilities.

Read more about the Parks and Recreational Facilities Bond projects.

• Will provide funds for various actions to address current housing market needs:
• homebuyer assistance, to help preserve home ownership levels, maintain strong neighborhoods, and support housing values
• housing counseling, including homebuyer and foreclosure assistance
• preservation of affordable housing units, including acquisition, rehabilitation or construction