A general
obligation bond is repaid directly by the state's taxpayers.
Under a general
obligation bond, the amount will fluctuate (from person to person).
However, according to board member David Pollock, a $25 million general
obligation bond that the district tried and failed to pass in 1990 would have amounted to about $75 per parcel, he said.
In May 2004, district voters approved by a wide margin a $450 million general
obligation bond authorization which addresses district-wide improvements as well as establishes five new community campuses for underserved or rapidly growing areas in the county.
One of them is a commission recommendation that would allow local general
obligation bond issues to be approved by a simple majority of the voters.
People who are living in homes don't want to be double-taxed both with the Mello-Roos district and the general
obligation bond,'' said Carolyn Hansen, assistant superintendent of business services.
Shelby County's long-term 'AA' general
obligation bond rating is based on a deep, diverse economic base; solid and improving financial reserves; and above-average but manageable debt burden.
The county maintains a formal capital improvement plan, whose local portion has been historically financed with $16 million in voter-approved general
obligation bond authorizations every two years.
SAN FRANCISCO -- Fitch rates King County, WA's $53,000,000 Limited Tax General
Obligation Bond Anticipation Notes 2006, Series A and $31,445,000 Limited Tax General
Obligation Bond Anticipation Notes 2006, Series B 'F1+'.
The series 2006 bonds represent the final issuance from a Proposition 39 general
obligation bond authorization approved by a wide margin of voters in November 2002.
Los Angeles' debt issuance has increased lately, the result of successful general
obligation bond elections.
The MOA stated that Irwindale proposed to finance the stadium by issuing general
obligation bonds.
