Press release from City of Asheville:
City Council members unanimously take action Tuesday, July 23 to finalize placing an $80 million dollar general obligation bond referendum on the November 2024 ballot for public vote.
Council members solidified totals in four different categories:
Finance Director Tony McDowell provided examples of how bond funds could be used to address community needs in the categories listed above. The additional revenue that could be realized from a bond referendum would allow Council to prioritize projects that are planned for future years and address current and long term community needs.
Learn more about General Obligation bonds, the benefits and tax implications.
NEXT STEPS:
Required Council actions prior to November
May 28 – Intent to apply – (Intent express May 28, City Council Meeting) [watch on YouTube]
June 25 – Introduce bond orders and set public hearing [watch on YouTube]
July 23 – Hold public hearing, adopt bond order and set referenda [watch on YouTube]City staff and City Council will provide educational information about the bond proposals with the community in September and October leading up to the November 2024 vote.
Communications will include:
- Educational materials to inform the community about the bond referenda including example projects
- Presentations to stakeholder groups, boards and commissions, neighborhood associations
November 5: Referendum vote.
City Council meeting, July 23: GO bond presentation
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