City Bond Approval Would Mean Millions in Funding for Transportation, Housing and Neighborhood Infra
When Charlotte voters head to the polls between now and November 8th, they will be asked to approve three referenda on the general election ballot authorizing the City to issue general revenue bonds worth more than $218 million.
Approval of these bonds will not result in additional tax increases for Charlotte residents, but will provide much-needed revenue to:
Fund street and intersection projects, upgrades to traffic control systems, repairs to and replacements of bridges, construction of new bridges, development of Cross Charlotte Trail (XCLT) and measures to improve pedestrian safety. ($148.44 million)
Provide affordable and well-maintained housing for low- and moderate-income individuals and families that addresses a continuum of housing needs – from homelessness to homeownership ($15 million).
Improve infrastructure in established neighborhoods showing signs of distress and emerging high-growth areas in need of connectivity. Infrastructure improvements include sidewalks, streetscape, curbs and gutters, storm drainage, landscaping and pedestrian lighting ($55 million).REBIC, the Charlotte Regional REALTOR® Association (CRRA), the Charlotte Chamber of Commerce, and other local business and industry groups have endorsed the three bond referenda, and are working to ensure their passage on the November ballot. REBIC and CRRA have also contributed $20,000 to to the bond campaign.Meeting Charlotte’s infrastructure needs is vital to our region’s economic development and future growth, and the passage of these bonds should be a priority for everyone in the real estate community. We ask all our members to VOTE YES for the Bonds when you go to the polls!For more information on the City Bond campaign, including details on the improvements that will be funded if the referenda are approved, visit their website at www.VoteYesForBonds.com.