Frequently Asked Questions
How can I vote on these projects?
Early voting for the November 5, 2024 election begins on Monday, October 21. All registered voters in Caldwell County are eligible to vote. Not sure if you’re registered? Click here.
You can find a list of polling place times and locations during early voting by clicking here.
How much will these projects cost?
Outside financial advisors have calculated that the county tax rate may stay about the same as last year if the bonds pass. That’s in part because so much new construction is taking place in the county, creating more taxable value to spread the tax rate across.
To calculate the likely impact of the road bonds on the county tax rate, financial consultants took recent growth trends, reduced that rate of growth to provide a cushion, then reduced it further as more time passes. They projected that across the 30-year life of the proposed road bonds, and, to be cautious, assumed that interest rates could rise.
The result indicates that if the bonds pass, the cost would be about four cents per $100 valuation, or about $9.67 per month on the average Caldwell County house of $290,000.
How do bonds work?
If approved by voters, these projects will be paid for by “general obligation bonds,” meaning bonds will be sold to investors backed by the full faith and credit of Caldwell County’s excellent AA- bond rating and paid off using city property taxes.
How will this money be spent?
If Proposition A is approved, Caldwell County is under legal obligation to spend bond funds on projects specified in Proposition A as spelled out on the November 5, 2024 General Election ballot.
How were these projects chosen?
In the spring and summer of 2024, the Caldwell County Commissioners Court carefully reviewed existing street conditions, listened to expert engineers and traffic modelers, and looked at dozens of potential projects across the county as part of a Capital Improvements Plan (CIP).
The CIP lays out the financing, location, and timing for capital improvement projects over several years, and are important tools for local governments that allow them to plan strategically for community growth.
As part of the CIP process, the county sought input from residents through two in-person open houses, an online open house, and a community survey with 2,136 participants.
The Caldwell Commissioners Court, along with expert outside engineers, created a list of priorities based on citizen feedback, population and demographic projections, and criteria such as safety, health, equity, connectivity, congestion relief, support of regional land-use goals, enhancing quality of life, and community support.
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