Secured
by the promise to raise property taxes, if necessary
- Voters must approve at referendum
- Not necessary to use taxes
- Not required to raise taxes
- The Town of Cary has not raised taxes in more than 13 years, even after bond referendums passed in 1994 and 1999.
- Least costly
- Lowest interest cost
- Lowest issuance costs
- General Obligation Bonds are the only choice for financing road and park projects
- 7 cents over 7 years (2003-2010)
- 16.7 percent cumulative total
- $140 per year on $200,000 home
- $11.67 per month
For further information, please call the Town at (919) 469-4007 or e-mail us.