Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Which Fund Is The Better Investment? January 2026 Edition
    • Changes to fees on mutual fund trailing commissions could raise burden for dealers, investors
    • Passive mutual fund AUM hits ₹14 lakh crore, up 31% YoY: Franklin Templeton
    • Mutual funds, ETFs round out 2025 with positive December sales
    • 5 Natural Gas ETFs to Invest in 2026
    • Retiring Soon? Why High-Yield ETFs Are Just as Important as Social Security
    • ICICI Prudential Smallcap Fund reopens after 22-month hiatus
    • Investment Trusts Explained: How to Invest and Build Your Portfolio with Us
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»Durham Voters, Say Yes to the Two Municipal Bonds on Your Ballot
    Bonds

    Durham Voters, Say Yes to the Two Municipal Bonds on Your Ballot

    October 16, 2024


    Durham is a beautifully diverse city, but one thing many Durhamites agree on is our hope for the city to be more connected. Specifically, most of us want safe and accessible streets for walking, biking, driving, rolling and riding the bus, and we want public parks that reflect the vibrant and inclusive nature of our city. These goals support a more cohesive, affordable, and attractive environment where all residents can not only study or work but also can play, relax, and gather together.

    This year, in a historic response to these longstanding resident desires, Durham’s City Council members voted unanimously to put two referendums on the November 5th ballot that we’re calling the “Connecting Durham” bonds.  If both are passed, they will fund $200 million in critical improvements to our city’s sidewalks, streets, and parks— improving access to bus stops, schools, and jobs and creating new joyful spaces in our parks.  This funding would accelerate the completion of these projects in the least expensive way available. 

    The Projects That Would Be Built

    The sidewalks and streets bond referendum would provide $115 million to complete 12.4 miles of new sidewalks and multi-use paths and 20 miles of sidewalk repairs, to repave 100 miles of streets with opportunities for traffic calming, and to pave nearly 11 miles of gravel streets.

    Two examples of projects that this bond would fund are a multi-use path along Hillandale Road where Seth Vidal was killed while riding his bike in 2013 and sidewalks along East Club Boulevard providing access to GoDurham Route 9 that the Bragtown Community Association has advocated for many years. 

    The sidewalk and streets projects are spread throughout the city and have been selected because they are the furthest along in development (design and right-of-way acquisition is complete or nearly so) or they are most in need of repair, prioritizing areas of historic disinvestment.  These projects will all be ready to move to construction in the next one to three years. 

    The parks bond referendum will provide $85 million to rejuvenate East End and Long Meadow parks and to build a new aquatic center at Merrick-Moore Park next to the Wheels Roller Rink.  Residents in east Durham specifically asked for a new pool to replace the permanently closed pool at Long Meadow Park and wanted other updates to both East End and Long Meadow Parks. 

    The park projects selected were developed with the feedback of thousands of Durham residents who told Durham Parks and Recreation the features that they want in their local parks. The new and newly renovated parks will be the model for future park development in the city providing public spaces for sports, community gatherings, aquatics, and play.

    You can learn more about all of the projects that would be funded if the bond referendums pass here.

    The Cost to Residents

    If you agree with us that these projects are important to complete, then you will want to vote yes to both because bond-funding would be the least expensive way to pay for the projects.

    The principal and interest on the bonds will, like all City improvements, must be paid by taxpayers. The highest possible tax increase is a 3.46 cent tax rate increase for each $100 of assessed value on your home. For the average valued home in Durham, that means up to an extra $9 a month if both bonds pass. Because of the City of Durham’s AAA credit rating, it likely will cost less because we are well positioned to borrow at a lower interest rate. Plus, we will be able to take advantage of lower costs of building, getting new infrastructure before construction prices rise.

    Say Yes to Both Bonds

    Durham residents have already shown that we support investing in our community, coming together in recent years to overwhelmingly support bond referendums for more affordable housing, public schools, the library, the Museum of Life and Science, and Durham Tech.  

    Now, together we, the voters in Durham, have the chance to make a choice for connecting our community through public spaces built for everyone to thrive. We must come together, flip our ballots, and vote yes to both bonds. Together they will not only connect and improve our neighborhoods, but bring more comfort, joy, and safety to this City we call home, for years to come.

    The Durham City Council

    Leonardo Williams, Mayor

    Mark-Anthony Middleton, Mayor Pro Tempore & Ward 2 Council Member

    Nate Baker, At-Large Council Member

    Javiera Caballero, At-Large Council Member

    Chelsea Cook, Ward 3 Council Member

    DeDreana Freeman, Ward 1 Council Member

    Carl Rist, At-Large Council Member 

    Comment on this story at backtalk@indyweek.com

    Related



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Sovereign Gold Bonds Investors Get 370% Return As RBI Announces Early Redemption For This SGB Series | Savings and Investments News

    January 21, 2026

    Greek Bonds Stay Strong Amid Global Turmoil

    January 21, 2026

    Japan’s bonds rebound after rout, Nikkei falls for 5th session

    January 20, 2026
    Leave A Reply Cancel Reply

    Top Posts

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

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    Which Fund Is The Better Investment? January 2026 Edition

    January 22, 2026

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

    November 19, 2023
    Don't Miss
    Mutual Funds

    Which Fund Is The Better Investment? January 2026 Edition

    January 22, 2026

    When it comes to investing in broad market indices, choosing the right fund can be…

    Changes to fees on mutual fund trailing commissions could raise burden for dealers, investors

    January 22, 2026

    Passive mutual fund AUM hits ₹14 lakh crore, up 31% YoY: Franklin Templeton

    January 22, 2026

    Mutual funds, ETFs round out 2025 with positive December sales

    January 22, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Barry Bonds’ Hall of Fame chances appear finished

    December 7, 2025

    Rail projects in Alaska, South Dakota, Wyoming receive federal funds

    October 16, 2024

    Top Mutual Funds of 2025

    December 9, 2025
    Our Picks

    Which Fund Is The Better Investment? January 2026 Edition

    January 22, 2026

    Changes to fees on mutual fund trailing commissions could raise burden for dealers, investors

    January 22, 2026

    Passive mutual fund AUM hits ₹14 lakh crore, up 31% YoY: Franklin Templeton

    January 22, 2026
    Most Popular

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

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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