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Vote No for the $560 Million Bond

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Thank you for visiting Carybonds.info website. A great quality of life, a safe town, and good facilities are possible on a sound budget that doesn’t increase property taxes year after year.  Vote No! on the $560 Million Parks, Rec, & Facilities Bond!

$560 Million in borrowing with the interest accrued over the 20 year life, it is nearly a billion dollars to repay through raising our Cary property taxes. The property tax increases are not a few cents a year to each Cary neighbor, but far more.  Even if you can manage these costs, consider the impact on those on fixed incomes or for whom the property taxes are now beyond their ability to pay.

The $560 Million doesn’t include operational costs, maintenance, and the cost to actually complete much of what is included in this bond, so expect even more property taxes to cover that. We are just  beginning to repay the $300M from the 2019 Bond,, that included the budgeted $50 Million Downtown Park, that in fact cost $69 Million, plus $6.9 Million in annual operating costs for the Downtown Park.  Your property tax bills for 2025, that were mailed to you weeks ago, reflect that property taxes have already gone up!.

To quote the ToC glossy brochure to promote this 2024 $560 Parks, Rec, & Facilities bond, “This increase would not cover the operating costs of the proposed new facilities, which would likely be paid for through additional property tax increases.”  Your NO! vote on the $560 Million Parks, Rec, & Facilities Bond on the 2024 Cary Voter ballot is the next step a voter can make to reduce future property tax increases.

Please click REAL COSTS on the menu for the math and financial data, Thank you!