Measure on the ballot in the 2020 North Carolina General Election in Charlotte.
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Get StartedIn FY 2014, City Council approved a 3.17¢ property tax increase to fund a four-bond CIP package (2014, 2016, 2018, and 2020) often referred to as “The Big Ideas”. The 2020 Bond Referendum, which will occur in November 2020, represents the final bond to complete “The Big Ideas”. The Proposed 2020 Bond totals $197,232,000 between three components: $50,000,000 for Housing, $44,500,000 for Neighborhood Improvements, and $102,732,000 for Transportation. Highlights of the Proposed 2020 Bond include: Proposing the second consecutive $50,000,000 allocation for affordable housing development and preservation.
A "YES" vote on the bond referendum is a vote in favor of authorizing $50,000,000 of bonds plus interest to finance affordable housing development and preservation.
A "NO" vote on the bond referendum is a vote in opposition to authorizing $50,000,000 of bonds plus interest to finance affordable housing development and preservation.
Shall the order authorizing $50,000,000 of bonds plus interest to pay the capital costs of housing projects for the benefit of persons of low income or moderate income, or low and moderate income, including construction of infrastructure improvements related thereto and the acquisition of land and rights-of-way required therefor, and providing that additional taxes may be levied in an amount sufficient to pay the principal of and interest on the bonds be approved?
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