The Chapel Hill Town Council voted unanimously on Monday to put a bond referendum on the ballot in November.

Business Management Director Ken Pennoyer told the Council the bond will not require a property tax rate increase because the town’s debt fund already has the capacity to repay the debt.

“Although it is stated as 3.8 cents, that 3.8 cents will actually be provided by the debt management fund, and no increase is anticipated based on the referendum bonds,” said Pennoyer.

The package will total $40.3 million, with funding going to streets, sidewalks, greenways, stormwater improvements, recreation facilities and a new waste transfer station.

bond

The resolution is the first step in the referendum process. It sets the maximum dollar amounts and assigns general purposes for the money.

Moving forward, the Council can delete projects or reduce the dollar amounts, but not add new projects or reassign funding.

A public hearing on the bond referendum is scheduled for June 22.

Related Stories
‹
New Chapel Hill Mayor Hemminger Looks Ahead To 2016
On Chapel Hill's 2016 agenda: development, transparency, and an initiative to help feed kids in need.
In 2015 Election, Chapel Hill Goes "Beyond Unitary Democracy"
Was the 2015 election so heated because the 2013 election was so nice?
Challengers Sweep Chapel Hill Town Council
Challengers swept the Chapel Hill Town Council race Tuesday night, unseating two incumbents.
Ballots Crowding Up In Chapel Hill, Hillsborough
Two more candidates for Chapel Hill Town Council; one more for Hillsborough Town Commissioner.
Schwartz, Samuels Throw Their Hats In The Ring
The 2015 election ballot is getting more crowded by the day.
Wes McMahon Announces Candidacy for Chapel Hill Town Council
Wes McMahon, a member of the Town of Chapel Hill Planning Commission, announced his candidacy for Town Council on Thursday afternoon. 
Chapel Hill Town Council Approves Application for Affordable Senior Housing Community at Homestead Road
The Town of Chapel Hill recently approved a zoning application for a proposed senior housing community located along Homestead Road.
With Federal Funding Losses and Revaluation, Orange County's Governments Weigh Difficult Tax Rate and Budget Choices
The annual budgeting process is typically an exhaustive one for Orange County’s local governments and staff – but this year, it may be even more so
Chapel Hill: Balancing Budget Shortfall with Adjusted Property Taxes + Opening An Inclusive Playground
Chapel Hill Mayor Jess Anderson joins 97.9 The Hill News Director Brighton McConnell in-studio on Thursday, April 17.
Local Government Meetings: April 14-18, 2025
This week in local government: a budget vote for Chapel Hill-Carrboro schools and a crisis diversion facility for Orange County.
›