Cabarrus County Community College Bonds Referendum
What does this measure do?
Supports: Public Education Quality, Public Infrastructure
Opposes: Government Spending Reduction
Allows up to $60 million of borrowing to build and improve Rowan-Cabarrus Community College facilities. Property owners repay it through higher taxes, estimated on the ballot at $7.50 a year per $100,000 of property value.
Proposed by: Cabarrus County Board of Commissioners
County leaders who proposed borrowing money for Rowan-Cabarrus Community College buildings.
Source: cabarruscounty.us
A YES vote means
Allows college-building borrowing paid back with higher property taxes. The ballot estimates $7.50 more tax each year per $100,000 of property value.
A NO vote means
Rejects this college borrowing and the added property taxes to repay it. The county would need another way to pay for the proposed college work.
Source: cabarruscounty.us
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