Knightdale Bond Referendum to Fund Park Renovations and Community Center
1 report, 1 independent
Updated Nov 2
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What happened
Knightdale residents will vote on a $55 million bond referendum. If passed, the bond will raise property taxes to fund a new community center and other projects, including renovations to Harper Park. The referendum authorizes the Town of Knightdale to borrow up to $55 million in general obligation bonds over seven years.
From wunc.org
Why it matters
The referendum directly impacts municipal finance by authorizing a significant borrowing amount and increasing the local tax base. If approved, property tax liability is predicted to increase by an estimated $35 a year for every $100,000 of property tax value.
From wunc.org
Who's involved
- KnightdaleThe town authorizing the $55 million bond and the associated property tax increase.
- Harper ParkThe park slated to receive renovation funding from the bond proceeds.
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The entities involved
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Knightdale
town in Wake County, North Carolina, United States of America
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