City Council takes action to include $80 Million GO Bond Proposal on November Ballot

Asheville -- July 23, 2024:  Press Release 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:

Category                                             Funding Amount
                                      
Affordable Housing                                   $ 20 M

Transportation                                          $ 20 M

Parks & Recreation                                   $ 20 M

Public safety                                            $ 20 M

Total GO Bond                                          $ 80 M

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)

June 25 – Introduce bond orders and set public hearing

July 23 – Hold public hearing, adopt bond order and set referenda

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.