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Under North Carolina law, a referendum for the purpose of issuing General Obligation (GO) bonds must specify a category of capital projects for which the bond proceeds may be used. Voters are asked to authorize their government to use the GO bonds as a financing tool for that specific category of projects, up to the...

If the referendum passes, it will have the following tax effect: In 2026 the tax rate will increase $42.50 per $100,000 of tax valuation. For example, a $400,000 home would see an annual increase of $170 ($14/month) In 2028 the tax rate will increase to $72.50 per $100,000 of tax valuation. For example, a $400,000...

The projects selected were used to establish the $25 Million bond amount.  These projects consist of the following: – Belmont Middle School Connector – South Central Avenue Pedestrian and Turn Lanes, including pedestrian improvement at Central Avenue/Main Street intersection – Perfection Avenue at Pebble Creek & Pleasant Pedestrian Improvements – Nixon Road Multi-Use Path (MUP)/Sidewalk – South Point...

The information included on the ballot will be very generalized. The bond referendum will be listed on page two of your ballot, and you can view a sample ballot here.  

During the March 4, 2024, council meeting, the engineering firm Gannett Fleming, Inc. was selected to assist with identifying potential bond projects for the council to consider. Transportation Bond Costs Agenda Memo March 4, 2024 City Council Meeting Minutes March 4, 2024 City Council Meeting Recording