What is a bond referendum?

A bond referendum is a voting process that gives voters the power to decide if a city should raise funds through the issuance of general obligation bonds. A general obligation (G.O.) bond is a form of borrowing in which a city pledges to repay the debt with interest over a specified term. G.O. bonds are generally the least costly financing option available to a city for funding these projects. A referendum is the only way a G.O. bond can be approved.

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1. What is a bond referendum?
2. What can general obligation bonds be used for?
3. If the Referendum passes, will my taxes go up?
4. What will the Public Safety G.O. Bond cost residents?
5. When will the Election Take Place?
6. What General Obligation Bond question will we be voting for on November 7, 2023?
7. What is included in the $46.9 Million?
8. Why does the question mention $11,400,000 that was previously approved in 2016?
9. Why was the 20,000-square-foot building not constructed?
10. Why wasn’t it known back in 2016 that a larger Public Safety building was needed?
11. Is the Police Station going to move to the Oviedo Mall?