There’s a bond referendum coming up in this year’s election (November 8, for those of you paying attention). Best to get educated on it now.
Importantly – what questions do you have about the referendum?
Shall the County of Albemarle, Virginia, contract a debt and issue general obligation bonds in the maximum aggregate principal amount of $35,000,000 for the purpose of providing funds, in addition to any other available funds, to finance the costs of improvements to Albemarle County public schools including designing, building, expanding, and renovating school properties, including new buildings and additions, renovations, and improvements to existing buildings, installing new furnishings and equipment in the public schools, and the related costs to issue the bonds and to reimburse the County for temporary financing?
“If the bond referendum is approved by the voters, how will my real property taxes be affected?” and “How does borrowing money through the sale of general obligation bonds save money for County taxpayers?”