Will my taxes increase in order to pay for the debt service on the bonds?
No, nonproperty tax revenues, impact fees (parks and recreation), and other legally available funds will be used to pay the principal and interest due on the bonds.

Show All Answers

1. How will the city pay for all of these projects?
2. What are bonds?
3. How will the bond proceeds be spent?
4. Why didn’t the city just borrow from a bank?
5. Why did the city pay off the Vizcaya loan with bond money?
6. How will the bonds be paid?
7. Will my taxes increase in order to pay for the debt service on the bonds?
8. Why didn’t the city wait until they had the money available to pay for these projects instead of issuing debt?