Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • ‘People Might Be Underestimating Demand For Spot XRP ETFs,’ ETF Expert Says As CME XRP Futures Set Open Interest Record
    • SoftBank, Rakuten tap Japan’s booming retail demand for bonds
    • Financial advice about living trusts, capital gains and COBRA
    • What is Expense Ratio in Mutual Funds? – Money Insights News
    • Billionaires Buy 2 Magnificent Index Funds That a Wall Street Analyst Says Could Soar 132%
    • not the FTSE 100 or S&P 500)
    • Five tell-tale signs that investing money is not for you
    • Big Brother star begs fans to help raise funds for hospital treatment
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»2024 North Carolina General Election | A look at the bond referendums on the 2024 ballot for Durham voters
    Bonds

    2024 North Carolina General Election | A look at the bond referendums on the 2024 ballot for Durham voters

    October 21, 2024


    DURHAM, N.C. (WTVD) — Early voting is underway in North Carolina with Election Day only a few weeks away.

    On this year’s ballot, Durham voters can choose “yes” or “no” to the city’s use of general obligation (GO) bonds to fund projects for streets and sidewalks as well as parks and recreation.

    What is a bond referendum?

    A bond referendum is a voting process that gives voters the power to decide if a government should be allowed to raise funds through the issuance of general obligation (GO) bonds. In North Carolina, municipalities can’t issue GO bonds without voter approval.

    Bond funds are how governments typically finance projects to pay for infrastructure. The debt is repaid with interest over a specified term. GO bonds can be repaid through various city funding sources, including taxes.

    Additional property taxes within city limits may be levied if the following bonds are approved. See here what the potential property tax increase would be.

    PARKS AND RECREATION BONDS

    This bond referendum would allow the city to borrow $85 million for Parks and Recreation projects in the community. The funding would go toward building a new aquatic center at Merrick-Moore Park and upgrades to East End and Long Meadow parks.

    New Aquatic Center

    The $43 million project will be located next door to Wheels Roller Rink at Merrick-Moore Park. According to the city, the park and multi-pool aquatic center will have “zero-depth entry, a lazy river and pool space for recreation swimming for ages and abilities.”

    Ultimately, if this bond is approved, construction would then start in fall 2026 before opening in summer 2028.

    The park and multi-pool aquatic center will have "zero-depth entry, a lazy river and pool space for recreation swimming for ages and abilities."

    The park and multi-pool aquatic center will have “zero-depth entry, a lazy river and pool space for recreation swimming for ages and abilities.”

    City of Durham

    East End and Long Meadow parks

    According to the city, a new pool, play areas, athletic field and courts and other improvements will be developed at both parks on Alston Avenue.

    The $42 million project would connect and make improvements to “two neighborhood parks rooted in segregation.”

    The $42 million project would connect and make improvements to "two neighborhood parks rooted in segregation."

    The $42 million project would connect and make improvements to “two neighborhood parks rooted in segregation.”

    City of Durham

    The land for both parks was donated to Durham in 1932. Long Meadow Park was initially segregated and only for white people, and East End Park was for Black people.

    While the parks have been desegregated for decades, the city said the project would “unite two parks, creating a single park corridor” on the R. Kelly Bryant Bridge Trail. If the bond is approved, construction will begin in fall 2026 before opening in summer 2028.

    For more information on these projects, click here.

    STREETS AND SIDEWALK BONDS

    The approval of this bond referendum would allow Durham to borrow $115 million to use toward building new sidewalks and repairing old ones, along with repaving and maintaining streets.

    $60 million of that, the city said, will go toward 11 sidewalk projects.

    These projects would add a little over 12 miles of new sidewalks in 25 locations. This will ultimately help reduce traffic deaths and serious injuries. If the bond passes, construction will start in the spring of 2025.

    $15 million of the funds would go toward sidewalk repairs. If the bond is approved, 20 miles of sidewalk repairs would start in the summer or fall of 2025. This could take up to two years to finish.

    $30 million would go toward street repaving and maintenance. The City of Durham estimated the funding would repave and repair 100 miles of streets.

    If the bond is approved, these repairs and preservation will start in the summer of 2025. It may take up to two construction seasons to finish.

    For more information on these projects, click here.

    MORE ELECTION STORIES

    Copyright © 2024 WTVD-TV. All Rights Reserved.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    SoftBank, Rakuten tap Japan’s booming retail demand for bonds

    August 31, 2025

    Hong Kong reduces coupon in 10th batch of Silver Bonds ahead of Fed’s expected rate cut

    August 29, 2025

    Premium Bonds chances of winning after further prize rate drops

    August 29, 2025
    Leave A Reply Cancel Reply

    Top Posts

    ‘People Might Be Underestimating Demand For Spot XRP ETFs,’ ETF Expert Says As CME XRP Futures Set Open Interest Record

    August 31, 2025

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023

    The Evolution of Art and Art Investments: A Historical Perspective on Fruitful Returns and Wealth Management

    August 21, 2023
    Don't Miss
    ETFs

    ‘People Might Be Underestimating Demand For Spot XRP ETFs,’ ETF Expert Says As CME XRP Futures Set Open Interest Record

    August 31, 2025

    Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the…

    SoftBank, Rakuten tap Japan’s booming retail demand for bonds

    August 31, 2025

    Financial advice about living trusts, capital gains and COBRA

    August 31, 2025

    What is Expense Ratio in Mutual Funds? – Money Insights News

    August 31, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Lincoln County Historical Museum raising funds to add Canteen exhibit expansion

    October 16, 2024

    Ukrainian Cultural Center Independence Day celebration on Chicago’s Northwest Side raises funds for Ukraine amid war with Russia

    August 25, 2024

    SEC Approves In-Kind Redemptions for Crypto ETFs: Game-Changing Move

    July 30, 2025
    Our Picks

    ‘People Might Be Underestimating Demand For Spot XRP ETFs,’ ETF Expert Says As CME XRP Futures Set Open Interest Record

    August 31, 2025

    SoftBank, Rakuten tap Japan’s booming retail demand for bonds

    August 31, 2025

    Financial advice about living trusts, capital gains and COBRA

    August 31, 2025
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    ₹10,000 monthly SIP in this debt mutual fund has grown to over ₹70 lakh in 23 years

    June 13, 2025

    ₹1 lakh investment in these 2 ELSS mutual funds at launch would have grown to over ₹5 lakh. Check details

    April 25, 2025
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.