Chapel Hill Town Council Weighs Bond Referendum in 2024 or 2025 ...Middle East

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Chapel Hill Town Council Weighs Bond Referendum in 2024 or 2025
With a vast amount of capital improvement projects, the Town of Chapel Hill is weighing the possibility of another bond referendum to borrow more money for a variety of projects. At its work session on Monday night, the town council weighed whether its members would prefer to pick get a bond vote on the ballot this fall or to wait until the 2025 local cycle – and came away split. Currently, the local government estimates it has $50.5 million in debt capacity at its disposal, which is the limit it maximum it could ask for in bonds. With that capacity, the town staff say there are some projects that need to be paid for through bonds that should not go to a referendum out of necessity, which wo

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