Go Bond Committee

A General Obligation (GO) Bond is a financing tool that allows a city to fund major public improvement projects without requiring the full cost to be paid upfront. Instead, the city borrows the funds needed to complete the projects and repays the debt over time through property tax revenue, subject to voter approval.

GO Bonds are commonly used to finance long-term community investments such as streets and sidewalks, public safety facilities, parks, libraries, cultural facilities, and other public infrastructure. Because these projects provide benefits for many years, repaying the cost over time allows both current and future residents who use the improvements to share in the investment.

If approved by voters, bond funds may only be used for the specific projects outlined in the bond proposal. The City is legally required to use the proceeds for those authorized purposes and to repay the bonds according to the approved financing plan.

A GO Bond is an investment in the community's future, helping fund critical improvements while spreading the cost over the useful life of the projects.

 

Agendas

Meet the Committee Members

  • Chairperson - Douglas Loomer

  • City Mayor - Clay Abercrombie

  • City Council Representative - Jeff Widener

  • Town Administrator - Gerald Haury

  • Finance Director - Britny Porter

  • Public Works Director - Jeremy Brown

  • Planning Commissioner - Ted Jenkins

  • School Superintendent - Kelley Spradlin

  • Citizen Nominee - Jeff Larson

  • Citizen Nominee - Tiffany Villines

  • Citizen Nominee - Charley Williams

  • Citizen Nominee - Debi Ogle

  • Attorney - David Weatherford

 

Minutes