Charlotte Voters Approve $400 Million in Bonds for Infrastructure and Housing Improvements

Charlotte Voters Send a Clear Message with Bond Approvals!

On a bright Tuesday, voters in the bustling city of Charlotte and its surrounding counties made their voices heard loud and clear! Residents overwhelmingly approved three significant bond measures aimed at enhancing infrastructure, housing, and neighborhood improvements within the city, totaling an impressive $400 million. But that’s not all—other nearby towns like Cornelius, Union County, Stallings, and Belmont also weighed in on various issues, including funding for parks and schools!

A Breakdown of the Bond Measures

As the evening unfolded, it became evident that the Charlotte bond measures were leading by wide margins with results coming in from 163 out of 169 precincts. Here’s a closer look at what each bond entails:

• $238 million Transportation Bond: This substantial funding package is set to make our roads and sidewalks safer and more accessible. With $50 million earmarked specifically for sidewalk improvements, $55 million for potential new projects, and $20 million dedicated to the Vision Zero initiative aimed at reducing traffic fatalities, it seems like a step in the right direction! As of the last count, this measure was leading with 66.93% of votes in favor.
• $100 million Housing Bond: Charlotte is experiencing a housing boom, but with that comes the pressing need for affordable solutions. This bond will double the size of the city’s Housing Trust Fund, ensuring more rental housing and efforts to maintain neighborhood affordability. Currently, the approval stands at 63.58%.
• $61.7 million Neighborhood Improvement Bond: Focused on revitalizing under-invested areas, this bond includes $25 million for the Corridors of Opportunity program, as well as making improvements to sidewalks, bike paths, and traffic control measures. This bond is winning with a solid 71.01% of yes votes!

These bonds are estimated to cost homeowners approximately $2.50 per $100,000 of their assessed property value—an investment many believe is worth every penny for a brighter future!

What’s Happening Outside Charlotte?

While Charlotte celebrated its victories, some local ballot measures in nearby areas faced a bit of a challenge:

• Cornelius: A $20 million parks bond to fund parkland and recreation improvements had a favorable outcome, with 59.53% of voters giving it a thumbs up.
• Union County: In hopes of funding a new high school and relocating a middle school, the county proposed a nearly $40 million school bond. Thankfully, it passed with 55.31% of the votes!
• Belmont: Unfortunately, a $25 million transportation bond for sidewalks and road enhancements didn’t get the support it needed, losing with 55.86% voting against it.
• Stallings: Voters turned down a referendum to implement a new occupancy tax to be applied to hotel guests, with a narrow margin of 51.59% saying no.

Looking Ahead

The message is clear: Charlotte residents are ready for change and are willing to invest in the future of their city! As these projects roll out, they promise to enhance the quality of life, foster community development, and tackle pressing issues like affordable housing and transportation. It’s an exciting time for Charlotte, and these new initiatives are just the beginning!