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- 2024 Bond Propositions
2024 BOND ELECTION
Propositions
Total Bond Package: $350 M
On November 5, 2024, Sugar Land voters approved five general obligation bond propositions totaling $350 million. Projects were identified through years of public feedback including the most recent Citizen Satisfaction Survey, sentiment surveys and community meetings - as well as various master plans and City Council input.
- What is a General Obligation Bond?
- What is the tax impact of the bond?
- What are the assumptions in value growth?
- Why did the City include $50 million in the total bond cost to account for inflation?
- How did the City determine the 50 million dollars that account for inflation on the bond? What is the inflation rate being calculated into it?
- Since bonds were approved by voters, is the City going to raise the value of my home?
- What interest rate will we have to pay? For how long?
- How were bond projects selected?
- How will the City ensure there is accountability in carrying out approved bond projects including project budgets?
- Why would a bond election be the way to pay for these projects rather than paying for them as we go?
- Can bond funds be used for any other purpose?
- How are funds repaid that are received through the issuance of General Obligation Bonds?
- Are tax rate increases resulting from bond approval rescinded after the completion of the projects?
- How do bonds affect the Capital Improvement Plan?
- Prior to 2024, when was the last time there was a General Obligation Bond on the ballot?
- Did this bond election include funding for the proposed Rapid-Start Power Plant Project?
- Did this bond election include funding for the proposed autonomous elevated cable & rail system?
- Why weren’t any parks projects included in the 2024 bond proposal?
- Why wasn’t the T.E. Harman Senior Center included in the 2024 bond election?
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