What can general obligation bonds be used for?

General obligation bonds allow the City to pay for major capital investments having a public purpose, such as Oviedo[JG1]  on the Park, roadways, sewer systems, or public buildings, like police stations. 

Bonds are sold to investors and the proceeds from the sale of these bonds are used to pay for capital projects. Bond funds cannot be used for everyday operating costs, such as salaries for police officers, firefighters, or City employees (other than those working directly on capital projects). Operating expenses are typically paid for by annual revenue that supports the City’s General Fund, such as property tax revenue.

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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?