Durham unveils new webpage for 2024 Bo education.

DurhamNC.gov/Bonds Provides Details on $200 Million Bond Referendum

City of Durham voters seeking information about the $200 million bond referendum that will be on their November ballot now have a new online resource to learn more before they head to the polls. The referendum includes two bond questions for voters to authorize the City of Durham to borrow $115 million to improve streets and sidewalks and $85 million to improve three East Durham parks.

The new webpage, DurhamNC.gov/Bonds, includes an interactive map showing proposed locations for new sidewalks, repaired sidewalks, unpaved streets, and repaved streets. It also provides renderings and more details about three proposed park projects.

If approved, the funds would be used for repaving and repairing City-maintained streets, fixing existing sidewalks, building new sidewalks, improving Long Meadow and East End parks, and building a new public water park for all ages and abilities at Merrick-Moore Park.

The $115 million streets and sidewalks bond would provide infrastructure improvements including new sidewalks, repaired sidewalks, street paving and maintenance, and paving unpaved streets. The $85 million parks and recreation bond would help improve two existing parks and build a new public water park.

Using general obligation (GO) bonds to pay for major infrastructure improvements allows governments to borrow funds as needed and repay the debt over time. This method places less stress on the City’s annual budget and is the least expensive way for governments to borrow money.

If both bonds pass, it could add 3.46 cents per $100 of assessed value to the City property tax rate starting in 2026. If only the street and sidewalk bond passes, it could add 1.99 cents, and if only the parks and recreation bond passes, it could add 1.47 cents.

The referendum will appear as two questions on the November ballot, with each question needing a majority of “yes” votes to pass. Voters can visit the Durham County Board of Elections website for more details on 2024 election information, voter registration information, and polling places.

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