Why issue bonds, rather than paying for projects with cash?

Whenever possible, the city pays cash for capital improvements. However, more costly improvement projects are financed. This allows the city to complete the improvements sooner and keep the property tax rate as low as possible. If the city did not finance more costly projects, the improvements would be deferred for several years during which time costs are likely to go up. If the city chose to fund the proposed projects with cash by increasing the property tax rate, based on current property values we estimate the rate would need to increase by approximately 11.6 cents to pay cash for the projects over the next 6 years.


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1. What is a general obligation bond?
2. Why is the bond election being held now?
3. Why not postpone the election to May 2021 or another future date? 
4. Why issue bonds, rather than paying for projects with cash?
5. How will the bond proposition impact the city’s property tax rate?
6. Why doesn’t the city spend less on the golf course, NRH2O, parks and trails and more on fixing streets? 
7. How much was the city’s last bond election?
8. When was the last bond election for street improvements?
9. How were proposed projects for the 2020 bond election selected?
10. Why didn’t the city maintain these streets better? 
11. If approved, who will perform the street improvement work?
12. Will the Mayor’s construction firm benefit from this bond election? 
13. If the bond proposition is approved, when will construction begin?
14. Which streets will be reconstructed first?
15. How objective was the ranking?
16. Some of the proposed projects include all of the street, while others don’t. How were project limits determined?
17. If the bond proposal passes, what type of pavement will be used?
18. Will sidewalks be added?
19. How long will each project take?
20. How will you make sure construction does not take months or years longer than expected?
21. How many miles of streets does NRH have? Does the proposed bond program impact their maintenance?
22. When will other streets be reconstructed?
23. Who served on the 2020 Capital Program Advisory Committee?
24. I have additional questions, who should I contact?