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Bond Referendums

On Election Day, Nov. 8, 2016, Albemarle County voters can decide whether the county can borrow up to $35 million to finance school improvement projects by issuing general obligation bonds to investors. Over many years, the county would repay the investors with interest. The county’s AAA credit rating will ensure that the bonds have the most competitive interest rate.

To cover the cost of the projects and the interest from the bonds, the Board of Supervisors may increase the county’s real estate tax rate by 1.3 cents. For the median home value in Albemarle ($285,000), this would increase the annual real estate tax bill by $37.05.

If voters reject the bond referendum, the county would have to use a different form of financing for the school improvement projects. This could cause delays or reductions to these projects.

LEARN MORE!  Additional resources below include all of Charlottesville Tomorrow's coverage of the bond referendum and an informational slideshow.

Read the text of the bond referendum on Albemarle County's website. 

Other resources from Albemarle County:

Infographic slide show by Charlottesville Tomorrow
(also available on Flickr)

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by Josh Mandell | June 07, 2018
The Albemarle County Board of Supervisors has declined the county School Board’s request to put $96 million for school improvement projects on a bond referendum this November. The supervisors maintained their support for the potential issuance of $59 million in debt through a bond referendum on Election Day, with ...
Credit: Josh Mandell, Charlottesville Tomorrow
Lori Allshouse, director of Albemarle County's Office of Management and Budget, briefed the Board of Supervisors on a potential bond referendum.
The Daily Progress | May 28, 2018
By Josh Mandell | May 10, 2018
By Josh Mandell | June 24, 2017
The Daily Progress | May 10, 2017
The Daily Progress | November 10, 2016
The Daily Progress | November 08, 2016
The Daily Progress | November 03, 2016
Daily Progress Editorial | November 03, 2016
C-VILLE Weekly | October 26, 2016
By Sean Tubbs | October 08, 2016
The Daily Progress | October 04, 2016
By Josh Mandell | September 23, 2016
League of Women Voters | September 16, 2016
By Aaron Richardson | September 06, 2016
By Aaron Richardson | September 04, 2016
By Aaron Richardson | August 26, 2016
Press Release
League of Women Voters | August 25, 2016
By Aaron Richardson | August 03, 2016
By Noah Zeidman | July 15, 2016
C-VILLE Weekly | July 13, 2016
Daily Progress Editorial | July 07, 2016
By Aaron Richardson | July 06, 2016
By Noah Zeidman | July 04, 2016
By Tim Dodson | June 19, 2016
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